NAR Says - Existing home sales fall to lowest level in nearly 30 years and Median housing prices rose to a record high"The National Association of Realtors released data that showed existing home sales declined to the lowest level since 1995 last year, with 4.06 million homes sold on an annual basis.Meanwhile, the median home price median home price rose to a record high of $407,500 in 2024."

Here are some key highlights from the report, which compares January 2025 with January 2024:The median sales price for the greater Austin metro fell 4.7% to $409,765, while the City of Austin saw a 4.7% increase to $553,465.Total sales in the metro rose 1.1%, whereas the city saw a 4% decrease in closed sales, demonstrating continued demand in spite of economic challenges.Pending sales under contract dropped 7.5% in the metro and 1.4% in the City of Austin, suggesting a slight decrease in demand at the start of 2025.Listing inventory increased 16.5% in the metro and 15.5% in the City of Austin, resulting in 5.6 months of available housing inventory in the metro and 6.2 months in the city, approximately one month more than in January 2024.According to the Texas A&M Real Estate Center, a balanced real estate market has around 6.5 months of inventory.

In a dense area, such as in-town (city, dense suburb, etc) you should be able to find sales within a half mile. 

And we're talking sales MONTHS old.

Peter Harris - you have to change your sales funnel method!

@Christina Galdieri A 1031 exchange cannot be used for the sale of a business itself, as it only applies to the exchange of like-kind real property used for business or investment.

There are several things that come into play with determining if a property sale is capital gains or ordinary income. 

Overall, NC listings increased by 9.1% from Jan 24 to Jan 25; however, sales remain flat. 

You use the depreciation losses from Property B to offset the depreciation recapture & capital gains from the sale of Property A. 

Ideally I’d like to leave my realtor out of this sale due to their high price tag in my area.