Search condos for sale in Lake Austin, TX with real estate expert Christi Davidson.
The condo market in Austin, TX, as reflected in the broader housing trends, appears to be shifting in favor of buyers. The decrease in competitiveness, evidenced by homes receiving only two offers on average and a longer selling period of around 71 days, suggests that buyers have more negotiating power and a wider selection. The slight decrease in median sale prices and price per square foot indicates a softening market. This could be an opportune time for buyers interested in condos, as they might find more room to negotiate on price and terms, especially considering the overall decrease in the number of homes sold compared to the previous year. The current market dynamics suggest that sellers may need to adjust their expectations and be more flexible in negotiations.
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