Austinites - Let's talk real estate

[Sandra Tsang]

I'm interested to see who's still looking for deals, what are your thoughts are on the current market? Are we buying and holding, flipping, or waiting it out? 

[Ryan Kelly]

So far, the market is holding steady on pricing, but showings are dropping off strong during the quarantine. We entered the coronavirus period in a historic seller's market and extremely little inventory (less than one month). If anything, a bit more inventory will hit the market, yet still be a seller's market. A lot will depend on job losses, psychological impact, and any meltdown in the mortgage market.