JBGoodwin REALTORS® - Austin & San Antonio Real Estate Blog

 



The San Antonio metro continued its sizzling year-on-year growth, beating last year’s metrics in virtually every category.

With cities across the country affected by the COVID pandemic, home sales in San Antonio grew 16% on average while total sales increased by a whopping 32%—compared to “just” 7% year-on-year growth last month.

“The significant growth in sales, compared to last year, shows the housing sector as a possible factor to move the economy forward,” said Kim Bragman, SABOR's 2020 Chairman of the Board. "We are hopeful to see a positive growth of sales for the remainder of the year."

Even more amazingly, Bexar county total homes sales are screaming past other major Texas counties. 

Bexar clocked in at a blistering 8.2% year on

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Effects of the COVID pandemic had Austin homeowners holding on to their homes and bringing inventory down to a record-low 1.2 months. 

But tight inventory didn’t stop overall homes sales dollar volume from rising 51.5%, to go along with a 12.1% increase in median home price increase.

September can be a slower month for home sales in Austin, but with lockdown uncertainties making their impact this year, the summer sales season seems to have extended into the fall.

“The housing market is pumping billions of dollars into our region’s economy at a time it’s greatly needed, but we also need to be cognizant of the impact such rapid activity is having on record-low inventory levels and rising home prices,” said Romeo Manzanilla, the Austin Board of

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As with communities across the nation and world, real estate markets throughout the central-south Texas region have been affected by the coronavirus pandemic, but real estate experts are already pointing to what they see as promising signs that the Austin and San Antonio metro areas are well-positioned to withstand the impacts of the crisis. 

An uptick in activity over the past few weeks, coupled with record-low mortgage rates have many feeling optimistic that our markets will emerge from a downturn sooner than later. With warmer weather, businesses reopening, and many people’s desire to relocate to our region all contributing to increased activity, the hope is that local real estate will soon return to its pre-pandemic highs.

At JBGoodwin

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Austin waterfront restaurants
Austin offers no shortage of great places to eat. Major food journals and television networks frequently give Austin's food scene generous accolades for the eclectic, diverse, and exquisite cuisine available throughout the city.

It's also no secret that Austin’s coffee culture is top-in-class.

All the locals know that Austin's food scene believes in providing tasty dishes, good portions, and quirky dives. Dining in Austin is designed to be an experience.

Summer is just around the corner along with patio season. Many of these establishments have closed their dining rooms due to the current public health crisis, but are still offering pick up and delivery options. Let's think forward to when we can all enjoy public places like this again and help

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view into Austin Texas from barton creek

Thank you for checking out the latest edition of the JB Goodwin Austin real estate market report for March 2020. We've got plenty of great information direct from the local Austin MLS® and our team of experienced agents.

The trend of lowering inventory continues into March as Austin home owners continue to be hesitant to list their homes. Of course, this isn't surprising given the current international crisis.

Despite the uneasy feeling in the marketplace, Austin home values continue to grow, as do sales. It's actually a great time to sell - declining supply and steady demand means that homes are still selling quickly. JB Goodwin's agents as well other real esate agents across the city have gotten creative in order to be able to show homes and

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