Austin, Texas February 2020 Housing Market Statistics
Austin Board of REALTORS® released its February Central Texas Housing Market Report showing that housing sales were strong, REALTORS® are adapting amid #COVID19, and historically low-interest rates add another variable to the housing market. Sales increased from 2,363 homes in February 2019 to 2,524 homes last month, and new listings decreased 11.8% year-over-year, and inventory dropped to 1.5 months of inventory, painting the picture of Austin’s historically competitive housing market and high demand.