Housing Prices

[laterallyshaking]

So I bought my current house in October of 2019. As of this last month, I can sell it for nearly $100,000 more than I bought it for. Housing prices have gone sky-high. Houses in my neighborhood will hit the market and be pending within the first 24hrs.

Is this nation-wide? What are prices like in your areas?

When do you speculate the housing prices will fall again?

 

[TopHook]

Fucking new construction is fucking it up.

 

[ttyh]

Austin is crazy right now. I could list my house for ~$650/sf and would more than likely receive multiple offers over asking price. My neighborhood is on fire. This is what happens when people from California and New York flee failed state government policy to seek out greener pastures.

For perspective, just 2-3 months ago if I would have listed, I would have been looking at between $450-$500/sf.

 

[TopHook]

I probably could sell my 800sqft bungalow for 380k, bought it for 122 3 years ago.

 

[America 1st]

Most people have houses under contract before they are listed or hit here in NEO.