Continued demand, rising listings point to possible return of climbing Northwest Austin real estate market
After slogging through a spring season that saw the Northwest Austin real estate market follow citywide dips in home listings and sales, some new signs of life for sellers, buyers and Realtors are beginning to emerge amid the coronavirus pandemic.
Local real estate experts say the promising—albeit brief—uptick in some metrics signifies a recovering housing market.
“Austin is one of the best real estate markets in the country from a residential perspective. We’re well-positioned to come out of the [coronavirus] in pretty good shape,” said Vaike O’Grady, Austin regional director for real estate research and analytics firm Metrostudy.
While June’s market data returns show promising growth in rising home listings and sales, persistent real estate problems that existed prior to the pandemic are likely to continue, local experts said.
Northwest Austin’s notably small inventory of housing stock and shrinking supply of affordable entry-level houses are expected to continue throughout the end of quarantine.
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