Austin's Job Creation Fuels Demand & Stability

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The Oldham Group Austin | Courtney Oldham

Austin Job Creation Fuels Demand &
Stabilizes Housing Pricing

April 14th, 2023

The Oldham Group Austin | Courtney Oldham

Monthly Indicator Report Highlights Austin's Job
Creation, Demand and Stability.

A quick look at some national statistics…

  • The median existing-home price for all housing types in March was $375,700, a decline of 0.9% from March 2022 ($379,300). Price climbed slightly in three regions but dropped in the West.
  • Home prices continue to rise in regions where jobs are being added and housing is relatively affordable.
  • Total housing inventory at the end of March was 980,000 units, up 1.0% from February and 5.4% from one year ago (930,000). Unsold inventory sits at a 2.6-month supply at the current sales pace, unchanged from February but up from 2.0 months in March 2022.
  • First-time buyers were responsible for 28% of sales in March; Individual investors purchased 17% of homes; All-cash sales accounted for 27% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 29 days.
  • Mortgage Rates, April 20, 2023. “After declining for 5 consecutive weeks, mortgage rates rose this week…to 6.39% from 6.27%.”

Source: National Association of Realtor Research

Courtney’s Commentary: The news in Austin this week was all about jobs! The Austin Chamber published their monthly Economic Indicator Report and Austin outperformed other Central Texas MSA’s – that performance is highly connected to job creation. Job creation drives demand and stabilizes residential housing pricing.

Want to know how today’s market conditions have impacted the value of your home? Let’s connect. 512-809-5495.

Homestead Exemption

Homestead Exemption


An exemption removes part of the value of your property from taxation and lowers your tax bill. In order to qualify for the online Homestead Exemption filing, the property owner must have owned and occupied the property as of January 1st of the current tax year.

If you bought a home in 2022, or if you have never filed before or want to check your status, make sure to file your Homestead Exemption form by April 30th.


Featured Listings

3504 Arrowhead Drive

5 BD | 4 FB | 4,517 SF | $1,950,000
Mid-century modern gem in Highland Park West! Incredible find with 1950’s architecture with vaulted ceilings, large windows, tons of natural light and spectacular views! Downstairs in the walk-out basement, oversized patio and 1/2 acre lot!
Buyer Representation: Courtney Oldham, Compass RE
12212 Brigadoon Lane #128

12212 Brigadoon Lane #128

2 BD | 2 FB | 1 HB | Corner Unit | $399,999

Beautifully remodeled corner unit townhouse with a great floor plan, soaring ceilings, huge walk-in closets and a fenced private yard. Open living area with a cozy fireplace and fresh laminate flooring that flows effortless into a dining area and upgraded kitchen. Every chef will love the stainless appliances, designer tile backsplashes, quartz countertops, fresh gray cabinetry and breakfast bar. Just minutes to the Domain and Arboretum!

Listed by: Courtney Oldham, Compass RE

3408 Stratford Hills Lane

5 BD | 5 FB | 3 HB | 1.23 AC | $4,999,999
Stunning sophistication in Stratford Mountain. This private estate is perfectly positioned on a generous 1.235-acre lot with views of Lake Austin from the spacious second floor balcony. Amazing attention to every detail – exquisite trim work, elegant iron details and resort-like outdoor spaces.Award-winning Eanes School district just minutes from downtown and Zilker Park.
Listed by: Courtney Oldham, Compass RE
555 E. 5th Street #901

555 E. 5th Street #901

2 BD | 2 FB | Corner Unit | 1,389 SF | $799,999
Welcome home to the 5FiftyFive located in the Residences at the Hilton! This spacious 2 bedroom and 2 bathroom condo is move-in ready with recently upgraded wood floors and paint. Floor to ceiling windows provide captivating views to the north and east. Entertain friends or relax with a cup of coffee on the wrap around porch! Connected to the Hilton Hotel, the residences have a private entrance with 24-hour concierge services, with access to restaurants, bars, and the Starbucks coffee at the lobby level.
Listed by: Courtney Oldham, Compass RE
2800 Joe DiMaggio Blvd

2800 Joe DiMaggio #104

3 BD | 2 FB | | 1,850 SF | $385,000
Stunning farmhouse in the heart of Round Rock and nestled in a pocket neighborhood close to Old Settlers Park, Dell Diamond, Kalahari, toll roads and more! This gorgeous home feels like a page out of Magnolia Journal with luxurious designer touches including wood-look tile flooring, shiplap accent walls, large island, quartz counter tops, white cabinetry, undermounted sink, gooseneck faucet, subway tile backsplash wood capped stairs and much more! Enjoy the easy open floor plan with 3 beds, 2.5 baths with 1820 SF.

Listed by: Courtney Oldham, Compass RE

LOT 53 AND 1/2 OF 54 | $1,295,000
Southwest Austin
3 BD | 2 BA | 1250 SF | $1,999,999

What's Happening

Field Guide Festival

Saturday, April 22nd | 1:00 PM
Fiesta Gardens Park
Foodies, this one’s for you! 30+ local chefs and farmers are coming together to create dishes exclusive to the Field Guide Festival using in-season produce. Your ticket includes all food and beverages so that you can try everything! Tickets

Travel & Golf

Come and experience where Palm Beach style meets breathtaking amenities. You’ll love the guestrooms, suites, and cottages at our reimagined resort. Plan early and soak up this special advance purchase offer and save up to 20% for your next getaway. Book

Old Settler's Festival

Here’s the lineup Old Settler’s Music Festival lineup for their 36th annual event taking place April 20-23, 2023, at the Old Settler’s Homestead, a 145-acre ranchland located at 1616 FM 3158 Dale, Texas 78616, less than an hour from Austin! Tickets

You Grill Girl!

Thursday, April 27th This female-focused celebration features some of Austin’s best chefs and grillmasters for a day of fun, feasting and fundraising at Franklin Barbecue. You Grill, Girl! is a one-of-a-kind culinary event that celebrates women and their passion for grilling. Tickets


Knowing what your home is worth is important information to have if you are thinking of selling your home. Call Courtney 512-809-5495 for a current pricing analysis and a customized strategy for selling your property in today’s market.

The Oldham Group Austin | Courtney Oldham

Courtney Oldham

© Compass 2023 | 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.

Thank you for your interest, we will be in touch shortly!

Team Oldham Group | Moving Austin Forward | Courtney Oldham