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Hi Michael,
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Happy Thursday, and what a week it's been! We kicked things off with a dramatic start, thanks to sideways rain and baseball-sized hail wreaking havoc in the North Austin metro area. Our foremost concern is your safety, and if you've been affected by the hailstorm and are unsure about handling repairs or insurance claims for your home or vehicles, don't hesitate to reach out. We're here to provide guidance through the process. And for those simply curious about the dramatic photos and videos, we've got those below for your viewing.
In this week's report, we'll be examining how Austin's real estate market measures up against the rest of the country. We'll compare national sales data with our local figures. While we did witness an uptick in closed sales volume compared to the previous year, prices are still down by 7% in our area. Interestingly, the national trend is the opposite, with a decline in sales but an increase in prices. Stick around to the end and we have Austin's 2023 Fall Bucket list!
Always remember that real estate is all about location and situation. If you have any questions or need guidance on how to make the most of the current market conditions, we're here to assist and help you turn the challenges of interest rates and inventory into opportunities.
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