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When you sign up for Allmanac, the weekly newsletter compiled by Ellie Beth Allman & Partners From a multitude of news reports, you receive a weekly executive briefing for the luxury real estate market, delivered straight to your inbox.

Here’s what The Allmanac recently reported.

What are DFW home sellers doing in this hot housing market? It was a first-quarter record. Average revenue is $ 94,571, up nearly 23% over the same period last year. Across the state, Austin led the pack with an average profit of $ 127,311, up 31.2%. The national average profit was $ 70,050, which is almost 26% more than in the first quarter of 2020.

Multiple sentences. Cash only. Thousands of dollars more than the asking price at least. If you are or have been a buyer, seller, or represented any party in the past year, you know the story.

Unseen circumstances? Not in this market. This is a seller’s market, and even before the sign appears, the house is likely already sold, especially in the suburbs. The average number of days on the market for a single-family home in this area is around 30 days, with a few exceptions.

Do you want to leave? You are not alone. The strongest price increases in the country in the first quarter of 2021 were destinations for recreation. Demand for a secondary home rose sharply during the pandemic, and this trend continues.

Kingston, New York, located 100 miles north of the Big Apple in the scenic Hudson Valley, grew the most by 35.5% since 2020.

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