Bidding wars are breaking out across Austin, with an explosion in the number of homebuyers ready to pay $100,000 or more above asking price
Texas city’s job growth and cultural appeal attracting buyers ready to pay $100,000 or more above asking price
Nearly 2,700 homes in the Texas capital have sold this year for $100,000 or more above their initial listing price, according to an analysis by Redfin Corp. that examined sales through Aug. 11. While a few other U.S. cities have had more properties sell at that premium to the asking price, none have experienced as big a percent rise in homes transacting at that lofty an increase, Redfin said.
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