Hi y’all, welcome back to Selling Austin - your weekly local real estate recap.

Inside: Buyers Market 🏠️ + Hail, Hail, Hail ❄️ 

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(*unbiased opinion)

WHAT'S INSIDE

• 🔢 THE DATA

• 🤠 WHAT’S HAPPENING AROUND TOWN

• ⁉️ WHAT THIS MEANS FOR YOU

• 🤤 HOUSE WORTH DROOLING OVER

🔢 THE DATA

I’m an ex-dentist turned Realtor - let’s work together! Email me, tweet me or send me a carrier pigeon. 🐦️ 

We know the market has shifted to favor buyers. Streets littered with open house signs and ever increasing days on market counts are clear indications.

Austin isn’t alone - nationally - we’re seeing the same patterns:

Nationally - 71.5% of homes are selling below list price. This is the highest since 2020.

It seems logical that if more homes than ever are selling below list then there should also a decline in home prices. But that isn’t the case. The median sale price for the lagging 4 weeks is 1.6% higher than last year.

I think a big part of this is a pricing issue - sellers are reluctant to let go of their homes at a loss. We’re also seeing rising cost of labor, raw materials, general fear of tariffs and economic uncertainty which results in prices continuing to creep up.

🤠 WHAT’S HAPPENING AROUND TOWN

Hail. Or if you live south of the river - rain.

The hailstorms that swept through Austin in May and June brought heavy financial consequences. Everything from rooftops to vehicles and knocking out power across large parts of the city. More than 124,000 customers were lost power per Austin Energy.

Homeowners experienced -

• Flooding

• Broken windows

• Damaged roofs

In order to protect yourself and your property - ensure that your home and auto insurance policies cover hail damage, and keep a current inventory of your property, including photos. Our roof has been replaced twice in the last 4 years due to hail damage!

⁉️ WHAT THIS MEANS FOR YOU

If you’re a buyer/seller/investor/renter or just interested in real estate - this weekly newsletter will help guide your decision making and help you better understand the market.

🤤 HOUSE WORTH DROOLING OVER

I’m having a hard time imagining what this house looked like when it was built in 1991 but the original owners clearly knew they had a view to die for.

Yours for: $7,500,000

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