Courtney Oldham
- Broker Associate, Oldham Group
- 512.809.5495
- 512.575.3644
- [email protected]
☀️ Summer Market Stabilizes ☀️
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.
As summer begins to wind down the data from the last two months indicates our market is stabilizing. Today we find ourselves in a more buyer-friendly environment. Here are some of things we’re starting to see as the market corrects:
BUILDER INCENTIVES
New home builders are starting to offer perks. These incentives vary by builder but can include buying down mortgage rates, seller-paid closing costs, fancier finishes and amenities, and lowering or not charging premiums for corner lots or views. Builders are also hosting events and parties again.
PRICE REDUCTIONS
After two years of runaway prices, the housing market is starting to correct. It’s simply acting more normal…not everything is selling in one weekend. Savvy sellers are moving quickly to make price adjustment that align with market conditions and new buyer expectations. Keep in mind that prices are still appreciating overall, but that is slowing.
MORE INVENTORY
The mortgage environment is obviously less favorable today, but buyers can certainly benefit from inventory levels that are much more favorable than they were 6 months ago. It’s hard to time the market perfectly so if you’re looking to buy, jump in and take advantage of more choices and little less competition.
FLEXIBLE TERMS
Sellers and lenders are looking for ways to keep buyers in the market. We’re seeing sellers offer interest rate buy-downs either in addition to or in lieu of making price reductions. Sellers are being more flexible with closing dates, paying for home warranties and even doing repairs.
Buying or selling a home is always an exciting new chapter- it’s where some of the best moments happen! Most of the time life events aren’t perfectly timed with the market. If you need a house now, it’s a great time to shop. If you need to sell, take advantage of prices that are close to the peak of the market.
Call me at 512-809-5495 to talk about your next MOVE!
FARMERS MARKET
Saturday, August 13th | 9:00 AM – 1:00
National Farmers’ Market Week at Lakeline
Enjoy live music from the Mighty Pelicans at Lakeline this Saturday! Don’t forget to bring your lawn chairs or picnic blankets to enjoy some snacks and entertainment. There will also be a photo booth, fun kid-friendly activities, and samples to enjoy. Click here to learn more.
MUSIC BINGO
Friday, August 12th | 7:30 PM – 9:30 PM You can enjoy a beautiful Texas sunset this Friday at The Vineyard at Florence as they host a fun music bingo event. Sip on a Wine Flight, munch on an Italian Twist Pizza, and test your musical knowledge. Texas Red Entertainment will provide bingo cards and daubers, you bring the brains! We suggest you arrive a bit early to get a head start on the wine tasting. Seating is first come first serve.
Click here to register.
FULL MOON PADDLE
Friday, August 12th | 7:30 PM
The Rowing Dock will host a fun-filled night of moon gazing on Lady Bird Lake with the downtown skyline as the backdrop. Each vessel will be equipped with a boating light and will be provided with light lanyards, but if you want to make your experience even more radiant, feel free to wear glow-in-the-dark gear.
Learn more here!
FAREGROUND FOOD & WINE FESTIVAL
Saturday, August 13th | 4:00 – 8:00 PM
Discover award-winning food concepts and delicious wines at Fareground like never before. The fun begins at 4pm when you pick up your event passport. Travel around from spot to spot collecting a total of 10 stamps, bites, and refreshing drinks from DRINK & Ellis to stay cool. Enjoy lawn games like Jumbo Jenga and don’t forget to dress up for photo-ops. Purchase your tickets here!
ATX PRIDE MARKET
Sunday, August 14th | 12:00 PM – 4:00
This Sunday you’ll get a chance at strolling through Frida Friday ATX’s Pride market at Pinthouse Brewing. You’ll get to show your support to the amazing creatives and there will be live music too! Don’t forget to grab a Texas Pretzel, The Mushroom Man pizza, and some Sticky Toffee Pudding while you’re there.
Register here!
MORE RESOURCES
AUSTIN AREA MARKET STATS:For those who love a good spreadsheet, here are the latest Austin market stat. JUNE 2022 REPORTS HERE
BUYER GUIDE: It’s not easy buying in a market with rising prices and limited inventory. We can help you through the process. BUYER GUIDE
SELLER GUIDE: How do you make sure you get the most money for your home? From pricing to marketing, we’ll customize a plan to ensure you get the most money for your home. SELLER GUIDE
© 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.
A Few Oldham Group Specialties
The Oldham Group is a team of real estate agents affiliated with Compass. Compass is a licensed real estate broker and abides by all applicable Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.
© 2024 The Oldham Group
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