Zillow study shows that Austin homes are selling in under 2 weeks

[Neil Narayan]

For the week ending June 13, it only took a median of 12 days for an Austin-area home to go from "available" to "pending." That's three fewer days than the same time last year, as well as three fewer from the same week in May. To show just how quickly the market is moving, it's even one day less than the week before (ending June 6).

Inventory is still low thanks to the COVID-19 pandemic, with buyers in May finding themselves competing over the smallest pool of inventory on record for that month in years. But as "the new normal" begins to take hold, it seems that buyers are now eager to make up for lost time with speedy offers.

Like it usually is, Austin is ahead of the curve when it comes to red-hot real estate.

https://austin.culturemap.com/news/real-estate/07-01-20-zillow-homes-selling-at-fastest-pace-since-2018/