Covid-19/Coronavirus Real Estate Market Update

Posted by Eric Peterson on Monday, March 30th, 2020 at 2:39pm.

 

Everyone is asking me “How’s the real estate market?” Here’s what we are seeing.

Transactions are still happening. As of today, March 30th, in the Austin MLS on average over 100 homes are going under contract every day. Things are slowing down but people are still selling and people are still buying.

Here's what we are seeing with our business. Some of our sellers and buyers are telling me they are going to hold off for now and I’m supporting them in that decision while I continue to keep them aware of what’s happening.

Some of our clients need to sell now and some need to buy now, and we’re doing that with all the appropriate precautions.

All of this is day by day and in some cases hour by hour. Things may be different by the time you watch this video.

Here’s what I can offer you or any of your friends. If you are planning to make a move in the next few weeks or even by the end of the year you can have a conversation with me now with no sales pitch and no obligation. That way whenever you are ready you can hit the ground running. I’ve got a lot of the same concerns you do but I might also have some answers for you.

We’re under a shelter in place order and you’re probably under a shelter in place order. We can still communicate over the phone, with a Zoom call where I can share my screen with you or Facetime. If you’re planning to sell you can send me pictures of your house or shoot a quick video. Chances are I don’t need to see the color of your backsplash in person.

It’s not possible to give blanket advice for everyone. I’d need to learn about your specific situation, financial position and the sub-market of the home you want to buy or sell.

I can’t promise you my advice will be correct. My advice is based on what we know now and over time my advice may change. What I can promise is I will be straight with you and give you the same advice I would give a member of my own family.

Right now, the most important thing is the health and safety of your family. We will get through this. Let us know how we can help you during this time. Here’s the next step. Whenever you’re ready send a Direct Message, email or call/text 512-791-7473  or email eric@koparealestate.com.

 

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