March - Real Estate Agent Market Expectations Survey
Mar 10, 2021
The results of our March Market Expectations Survey are back, and interesting as always. We surveyed ~5000 of the highest producing agents in Austin (read: full time, working agents) to see what they expect in different price points for their buyers. This time, we made all questions optional so that agents could choose to respond only to questions in sub-markets that they're familiar with.
Results for Real Estate Agent Market Expectations Case Study
On average, most agents expect to make 5-10 offers for a buyer before getting that buyer under contract:In the <$500k price range, agents generally expect 20+ competing offers and a 20% or more premium on the list price.
In the $500k-$1M price range, agents generally expect 10-20 competing offers and a 10% or more premium on the list price.
In the $1M-$1.5M price range, agents generally expect 1-5 competing offers and a 10% or more premium on the list price.
In the $1.5M+ price range, agents generally expect 1-5 competing offers and a 5-10% premium on the list price.
Additional Readings:
First Look at January Real Estate Market Statistics + Pricing Difficulty2020 Texas Real Estate Market Year in Review: What Happened Out There?
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