Austin’s Real Estate Resilience

The Oldham Group brings you Austin news, exciting events, homes for sales and uniquely fun things happening around greater Austin. Feel free to contact us at anytime to be added to our distribution list.

The Oldham Group Austin | Courtney Oldham

Oldham Group Austin Update

Austin’s Real Estate Resilience
April 12, 2024
The Oldham Group Austin | Courtney Oldham

Austin Real Estate Resilience

A long time ago, a wealthy client told me, “Never bet against the US!” While we are bombarded daily with negatives about our economy, we’re reminded that while our debt levels are unsustainable, and inflation remains sticky, we should also note:

  • U.S. GDP grew 2.5% in 2023, significantly outpacing other developed economies…
  • Inflation in Canada is 3.9% and 5.9% in Germany. While it’s 3.5% in the US.
  • The US labor market remains resilient
  • US equity markets are close to all-time highs
  • The dollar remains strong.  (CNBC)

Along with these other high notes, the Austin residential market has been incredibly resilient, continuing to stabilize. Here are the numbers from March.

  • The Avg Sold Price in the Metro area saw a slight increase of +2.2% Year Over Year (YOY)r, while the Med Sold Price experienced a slight decline of -1.1%.
  • Months of Inventory increased to 4.2 from 3.8 in March 2023 and 4.0 in Feb 2024.
  • Avg Days on Market ticked down slightly to 68 days.
  • Total Sales and Total Under Contract /Pending were relatively flat YOY.
  • Mortgage rates remained stable in the high 6% / low 7% range.

Curious about what it would take to get your home sold?


Featured Properties

800 W. 5th Street #503

800 W. 5th Street #503

2 BD

2 BA

1,538 SF

$915,000

  • New Price
1603, 1621, 1647, 1665 & 1670 Headwaters Blvd

1603, 1621, 1647, 1665 & 1670 Headwaters Blvd

80 x 145

$275,000

  • Just Listed
1011 Sunset Canyon South

1011 Sunset Canyon South

4 BD

2.5 FB

2,952 SF

$900,000

  • Sold
1412 Fairhaven Gateway

1412 Fairhaven Gateway

4 BD

2.5 FB

2,477 SF

$375,000

  • Sold
11921 Bittern Hollow

11921 Bittern Hollow

4 BD

2.5 FB

2,695 SF

$575,000

  • Sold
214 B Smoke Tree Circle

214 B Smoke Tree Circle

4 BD

3.5 BA

3,697 SF

$975,000

  • Sold

What’s Happening

The Oldham Group | Email Newsletter

Texas Edge

The Oldham Group | Email Newsletter

Live Fire!

The Oldham Group | Email Newsletter

Kite Festival

The Oldham Group | Email Newsletter

Just for Laughs


Ready to Make a Move

The first step is EASY! Call or text Courtney.

We’ll set up a time to carefully evaluate all options and put together the BEST plan & timeline for you and your family. We’ve helped thousands of clients navigate buying and selling in Austin over the last 17 years. We’d be honored to help you, your friends and colleagues.


The Oldham Group Austin | Courtney Oldham

Courtney Oldham

Broker Associate, Oldham Group

© Compass 2024 | All Rights Reserved by Compass | Made in NYC

The information contained herein does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. All of the financial projections and/or conclusions are provided for illustration purposes only. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This represents an estimated sale price for this property. It is not the same as an opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.