Is it safe to invest in real estate? Will I need to spend more to buy a home? Here is Austin, prices are very stable/ Average sold prices are up at +0.2% and median sold price increased +1.7% across Austin.

Days on market hasn’t change much since 2019 and actually falling to 44 from 49.

With all the good news, 2020 still has seen the largest decrease we’ve seen since the 2008 recession. May sold volume decreased by -35.2% and sold units decreased by -35.3%.

Sold volume isn’t really news, though since it’s a lagging indicator. Sold volume increases were caused by market activity 30-60 days ago.

Pending properties are up +13.9% over 2020. This shows us that buyer demand is back, and back in an extraordinarily strong way.

While 2.6 months of inventory is still firmly in a seller’s market, it certainly feels as though inventory is much tighter in 2020 than in 2019. Especially since new listings decreased by -16.2%.

The market varies quite a bit based on location. While inventory in central Austin feels very tight, there are a decent amount of homes to choose from in the suburbs where builders are active.

Now that Tesla is attempting to acquire land in Austin, the market is going to be tighter. With inventory low now is the time to buy or sell.

https://electrek.co/2020/06/18/tesla-acquires-land-austin-build-factory/