It is a far, far better status quo than wild housing price fluctuations, whether that be sharp increases or price plunges.

It is certainly a measure of the economic strength of a region when prices remain firm or, even more so, experience incremental growth.

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Albury-Wodonga's economic diversity has certainly served the region well in that regard.

At no time in the past couple of decades has the bottom fell out of the Border's housing market, rather it has grown steadily - aside from a period in the early 2000s when values rose significantly.

This creates much reason for continuing confidence in the market right now and in the years ahead.

What makes this even more signficant is it appears even the COVID-19 pandemic shutdown has failed to put a dent in the market.

Real estate agents have told The Border Mail that the housing market has been doing what wasn't expected to to be done.

That is, predictions of a coronavirus-induced slump have failed to materialise.

More so, the market is holding steady, which given that Australia has just fallen into recession for the first time in 30 years is quite a remarkable achievement.

But perhaps it's not so remarkable when you take a closer look.

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Certainly the Border economy has taken a knock from the lockdown; you don't close whole sectors - large swathes of retail, cafes, pubs and restaurants - without inflicting a decent amount of pain.

Many, many people have lost their jobs and so they don't have the money to spend that they normally would.

But again, the diversity of the region - from the significant public sector employers in education, defence and health to the diversity of industry - has given both a platform for maintaining that stability and providing a decent launchpad for coming out the other side.

That in turn is reflected in the ability of the housing market to hold steady.

It is indeed a heartening and encouraging situation.