This week's Monday Market Watch May 11th, 2020...The real estate movement for the City of Austin is as follows. New active listings to the market decreased 17%, pending sales are down 4% and the sold properties decreased by 3% this week compared to the week prior. The number of sold properties is about 43% lower than the same time last year. Watch the video below for details.
We continue in a seller's market for all price points. However, the $1,000,000 and over properties are approaching neutral status with 5.4 months inventory. Six months is considered a stable market.