Austin Real Estate Market to Remain Strong

February 20, 2020 by · Leave a Comment 

“We do not see anything getting in the way of another robust year in our industry in 2020,” said Eldon Rude, principal of 360 Real Estate Analytics, to the Austin Home Builders Association, in January of 2020. To meet demand for housing in 2020 builders will need to deliver another 18,000 to 20,000 lots in the Austin area. Additionally, Zillow Inc. recently names Austin the “hottest housing market of 2020” This positive outlook is also confined by the West Austin Properties February Market Report. (See Market Report tab above.) In the one month of January, 1,848 homes sold, an increase of 14% from one year ago. And the number of homes for sale in Austin have decreased by 18% from one year ago. Each Zip Code and Price Band have different market conditions so review our Market Report.


Comments are closed.