The latest news in the Austin Boomtown Saga: homes selling for major percentages above asking, more in fact than any other U.S. metropolitan area and far beyond Dallas, San Antonio and Houston combined.
Last month, the average home in Austin sold for 7.1% above asking – the highest percentage in the country, according to a report from Redfin. This time last year that number was 0.9% – a 6.2% year-over-year difference, also the highest in the country.
During that same four week period, while Austin soared past 7% above asking, the average home in Dallas sold for 0.3% above, with San Antonio and Houston at 0.9% and 1.4% below.
While this news adds yet another impressive couple of stats to Austin’s resume of real estate record breakers of 2020 and 2021, it hardly comes as a surprise, especially to Austin buyers’ agents who’ve adopted a new norm in recent weeks of offering up to 20% over asking – this just for a chance at competing with sometimes dozens of other buyers per home.
This current climate may seem an opportune time to sell on your own – skip the realtor fees and still be nearly guaranteed a massive ROI, right? Well, not quite. While this is no doubt an incredible sellers’ market, you’re much less likely to reap the maximum benefits without a professional guiding you, representing you, and ensuring no essential step is overlooked.
If you’re considering selling but aren’t sure if it’s worth the hassle, contact one of our experienced agents today to find out just how much you could be looking to gain, and how easy the process can be when you use a realtor.