Prices increased, but Southwest Austin home sales stalled in February due to winter storm

February home sales fell year-over-year in Southwest Austin, and across the Austin-Round Rock metropolitan area, as real estate transactions stalled due to a week of winter weather and power outages, according to the most recent data released by the Austin Board of Realtors March 18.

In Southwest Austin, there were 254 homes sold in February, 76 fewer than in February 2020, resulting in a 24.4% drip year over year. The metropolitan area overall saw an 8% decrease in homes sold in February compared to 2020.

Southwest Austin home sales per month

After home sales slowed in April-June 2020 due to coronavirus shutdowns and uncertainties, the Southwest Austin market rebounded, ultimately surpassing total 2019 sales. However, February storms in 2021 have again slowed sales.

Full article https://communityimpact.com/austin/southwest-austin-dripping-springs/housing-real-estate/2021/03/19/prices-increased-but-southwest-austin-home-sales-stalled-in-february-due-to-winter-storm/