I’m going to review some of the important housing statistics for the Austin real estate market for February 2021.
Before I get into the stats there are a couple things I want to talk about. Because real estate prices have been appreciating rapidly when I talk with sellers some will often make statements starting with “The market is so hot that XYXZ.”
"The market is so hot I can sell off market."
"The market is so hot presentation doesn’t matter."
"The market is so hot the Broker I hire doesn’t matter."
It’s as if there has been some government executive order that says you can only sell your home for $600,000 no matter what you do.
In reality, we are seeing sellers sell off market telling me they sold for $50,000 above the…