August 2020 Real Estate Talk

July was a busy time for real estate and August seems to be treading the same. Typically, we start to see a slow down as the temperatures rise and the new school year begins, but there is nothing typical about this year. In July, the Yeat-To-Date pendings ( under contract) were up 5.8% while the 2020 vs. 2019 July pending comparisons were up 31.4% — wow! Ask anyone trying to buy a house in ATX and they will tell you the struggle is real. Low inventory + high demand = multiple offers. Another reason to work with an experience agent, like myself, that knows how to navigate the multiple offer situation from either the seller or buyer side.

based on information from the Austin Board of Realtors