Sam Palasota - Realtor

Discover which U.S. cities are rising—and which are sliding—in real estate this year 👀

Swipe through to see a spotlight on Austin’s position in the mix ➡️

Follow along for data-driven insights, market trends, and Austin market updates!

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https://wallethub.com/edu/best-real-estate-markets/14889

🏘️ Condo Market Shift: What Buyers and Sellers Should Know 👇

From the WSJ 🔑

The condo market is losing steam. While condos once commanded a hefty premium per square foot up to 60% over single-family homes in 2021 that gap has narrowed to just 30%. Inventory is rising, properties are sitting longer, and sellers are offering more concessions.

Key Takeaways:

Condo price premiums have dropped from 60% (2021) to ~30%.

Listings are up and condos are taking longer to sell.

Sellers are offering more concessions to attract buyers.

Rising insurance and HOA dues are adding financial pressure.

Florida metros (Miami, Panama City) seeing sharp condo sales decline.

Single-family homes are holding value better due to limited inventory.

Condo market is now favoring buyers.

The Condo Market Is Floundering: Four Charts That Explain the Downturn More condos are on the market, and units are taking longer to sell.

New Listing: Commercial or Residential hard-corner Lot on Highway 21 in Kyle!

Fronting a sub-division and next to a planned development of a major C-Store, this property would be perfect for investment, residential or business use.

Contact me today!