Austin Real Estate Report | March 2020

In this article:

March started out strong for the Austin real estate market, but the impact of coronavirus caused activity to slow down toward the end of the month, particularly as shelter-in-place orders went into effect. However, now that real estate has been designated as an essential service and home showings have resumed, we’ve seen interest from buyers and sellers start to pick back up gradually.

March Market Snapshot

3,358

New listings in March. Although there was a substantial drop in listings added in the final week of the month, the total number of homes put on the market was just about flat compared to March 2019.

98.4%

The median percentage of a home’s original list price that it ended up selling for. This suggests that sellers haven’t had to make big price cuts in order to get their home sold. In Austin, this typically ranges from 96-98%, so this is on the high end.

-8%

Decrease in homes that went under contract this March vs. last year. While some buyers and sellers have decided to hold off right now, there were still over 2,500 homes that went under contract last month.

Our Perspective

“While there’s no doubt that the coronavirus and its impact on our daily lives has affected the real estate market, our team has been busy. We’re still meeting with buyers and sellers every day and we put 10 Austin listings under contract in March.”

— Rachel Bennett, Orchard Home Advisor

Listings Spotlight

-- 214 Cottontail Drive, Leander

Received an offer in less than 4 weeks at the full asking price

-- 152 Crooked Crk, Buda

Just Listed!

Have questions on buying or selling right now?

We’ll be updating this post in real-time with new information about how we’re working with customers in each of our markets and answering your questions about the real estate market.

Orchard gives a guaranteed cash offer — and so much more

We provide peace of mind that your home will sell, plus list your home on the market to maximize your earnings.

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Sell for more with value-boosting improvements

When you list with Orchard, we’ll get your home show-ready and make repairs to increase your home’s value at no upfront cost.

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Orchard is 30% more accurate than leading estimates.

Buy a new home knowing you’ve sold your current one

Orchard guarantees your home will sell, so you can buy your next one worry-free.

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Orchard can help you avoid overpaying additional selling and moving costs
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Estimated Net Proceeds
$0
Home Sale Price
$0
Total Cost to Sell
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Get my free valuation
Orchard is 30% more accurate than leading estimates.

Orchard gives a guaranteed cash offer — and so much more

We provide peace of mind that your home will sell, plus list your home on the market to maximize your earnings.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Closing Fees
$0
$0
$0
$0
Other Costs to Consider
$0
Orchard can help you avoid overpaying additional selling and moving costs
$0
$0
Thank you! Your submission has been received!
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Estimated Net Proceeds
$0
Home Sale Price
$0
Total Cost to Sell
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Get my free valuation
Orchard is 30% more accurate than leading estimates.

How much can I make selling my home?

Use our home sale calculator to estimate your net proceeds.

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Closing Fees
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Other Costs to Consider
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Orchard can help you avoid overpaying additional selling and moving costs
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Estimated Net Proceeds
$0
Home Sale Price
$0
Total Cost to Sell
$0
Get my free valuation
Orchard is 30% more accurate than leading estimates.

Don’t navigate the market alone

Our Home Advisors are experienced local agents who know how to sell for top dollar and help win your dream home.

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Closing Fees
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Other Costs to Consider
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Orchard can help you avoid overpaying additional selling and moving costs
$0
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Estimated Net Proceeds
$0
Home Sale Price
$0
Total Cost to Sell
$0
Get my free valuation
Orchard is 30% more accurate than leading estimates.

Let’s match you with a real estate agent

All Orchard Home Advisors are experienced agents who know your local market inside and out. Request a consult today.

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Closing Fees
$0
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Other Costs to Consider
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Orchard can help you avoid overpaying additional selling and moving costs
$0
$0
Thank you! Your submission has been received!
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Estimated Net Proceeds
$0
Home Sale Price
$0
Total Cost to Sell
$0
Get my free valuation
Orchard is 30% more accurate than leading estimates.

Close faster with a cash offer

Did you know cash offers are 4x more likely to be chosen by a seller? Let us help you make one on your next home.

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Closing Fees
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$0
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$0
Other Costs to Consider
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Orchard can help you avoid overpaying additional selling and moving costs
$0
$0
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Estimated Net Proceeds
$0
Home Sale Price
$0
Total Cost to Sell
$0
Get my free valuation
Orchard is 30% more accurate than leading estimates.

Know what your home is really worth

Get the most accurate free home valuation — in minutes

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Closing Fees
$0
$0
$0
$0
Other Costs to Consider
$0
Orchard can help you avoid overpaying additional selling and moving costs
$0
$0
Thank you! Your submission has been received!
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Estimated Net Proceeds
$0
Home Sale Price
$0
Total Cost to Sell
$0
Get my free valuation
Orchard is 30% more accurate than leading estimates.

Curious what your monthly mortgage payment would be?

Orchard Home Loans shops the market to find your best rates.

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Closing Fees
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Other Costs to Consider
$0
Orchard can help you avoid overpaying additional selling and moving costs
$0
$0
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Estimated Net Proceeds
$0
Home Sale Price
$0
Total Cost to Sell
$0
Get my free valuation
Orchard is 30% more accurate than leading estimates.

Stand out to sellers with a cash offer

A cash offer is 4x more likely to be chosen by a seller. Get qualified today.

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Closing Fees
$0
$0
$0
$0
Other Costs to Consider
$0
Orchard can help you avoid overpaying additional selling and moving costs
$0
$0
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Estimated Net Proceeds
$0
Home Sale Price
$0
Total Cost to Sell
$0
Get my free valuation
Orchard is 30% more accurate than leading estimates.

Don’t miss out on your dream home

Make a cash offer now, and Orchard will sell your old home after you move.

Thank you! Your submission has been received!
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Closing Fees
$0
$0
$0
$0
Other Costs to Consider
$0
Orchard can help you avoid overpaying additional selling and moving costs
$0
$0
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Estimated Net Proceeds
$0
Home Sale Price
$0
Total Cost to Sell
$0
Get my free valuation
Orchard is 30% more accurate than leading estimates.

Your dream home is waiting for you

Tell us your must-haves to see personalized home recommendations that meet your criteria.

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Closing Fees
$0
$0
$0
$0
Other Costs to Consider
$0
Orchard can help you avoid overpaying additional selling and moving costs
$0
$0
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Estimated Net Proceeds
$0
Home Sale Price
$0
Total Cost to Sell
$0
Get my free valuation
Orchard is 30% more accurate than leading estimates.

The stress-free way to buy and sell

With Orchard, secure your dream home before you list. Avoid home showings, rentals, and double moves.

Learn More