Austin's housing market is currently challenging for sellers, with 14% at risk of selling for less than their purchase price, double the previous year. Recent buyers face the highest risk, with 48% of those buying post-pandemic likely to incur losses. Pricing trends have switched from a pandemic boom, where prices surged 71% by April 2022, to a downturn that has continued, favoring buyers as prices drop and inventory increases. Despite potential losses, the majority of sellers generally sell for more than their initial purchase price nationally.
In Austin, 14% of all listings are at risk of selling for less than homeowners bought them for, double the share last year and the second highest among the top 50 metros.
48% of sellers who bought post-pandemic are at risk of losing money on the sale, by far the highest share in the nation.
Austin's housing market skews heavily in favor of buyers as prices fall and inventory rises, leading to risks for sellers who bought at the peak.
Historically, the majority of sellers still make money on their home sale; nationwide, 94% of homes sell for more than they were purchased for.
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