Austin RE market bucks nationwide downturn caused by COVID-19

[Neil Narayan]

By March 1, new listings in Austin were up 20.2 percent from the same time a year ago. Fast-forward just a month, and that number was 13.5 percent. The outlook in Austin is definitely brighter than what's happening nationwide: nationwide listings were up 17.3 percent on March 1 and down a significant 27.1 percent by April 5.