Austin home sellers pocket some of fattest profits in the country

[Neil Narayan]

Homebuyers in the Austin area are rightfully complaining about the continuing ascent of home prices. Home sellers, however, are cheering.

In the Austin area, the typical home sale in the third quarter of 2021 generated a 70.9% profit for the seller — the 12th highest profit margin among U.S. metro areas. In dollar terms, the typical area home sold for $192,656 more in the 3rd quarter than it was purchased for. The typical sale price was $465,000.

https://austin.culturemap.com/...