Unbelievable Deals and Massive Price Reductions in Austin are discussed by Shannon Mangin of the Mangin Team at Real Broker. It highlights the significant drop in median sales prices from December to January, which is attributed to the holiday season and a smaller number of sales. The video also provides insights into the current market conditions, such as the average days on the market and the percentage of list price to sold price. This is a good time for buyers to take advantage of the deals, while sellers should consider listing their homes in the March-April time frame to capitalize on the market's upward trend.


🏠 The median sales price in Travis County dropped significantly from December to January, reaching $478,500.
📉 The number of home sales in January was only 712, which could have skewed the data due to the smaller sample size.
🕰️ Homes in Travis County were on the market for an average of 85 days, while in Williamson and Hays counties, the average was 81 and 85 days, respectively.
💰 Buyers were able to negotiate discounts, with homes selling at an average of 93% of the list price in Travis County, and 94% in Williamson and Hays counties.
🤝 Sellers should consider listing their homes in the March-April time frame to capitalize on the market's upward trend.