Savoring the Last Rays of Summer, Fall Market Approaches

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The Oldham Group Austin | Courtney Oldham

Oldham Group Austin Update

Savoring Summer & Gearing for Fall Market
August 16, 2024
The Oldham Group Austin | Courtney Oldham

Preparation for the Fall Market.

Back-to-school season in Austin marks a key shift toward the fall market in the residential seasonal cycle. As families settle into their routines, we typically see a slowdown in the number of homes hitting the market, creating a more stable environment for buyers. However, this period can be an excellent opportunity for buyers to find great deals before the year’s end. Here’s what I’m focusing on as we analyze this transition in the market.

Mortgage Rates & Job Market: High mortgage rates and a slower job market continue to weigh on the Austin market. Good news on the horizon as the Federal Reserve is expected to start easing rates this fall, which could provide much-needed relief. While we anticipate mortgage rates will improve, the job market may take longer to respond.

Price Stability: Year-over-Year (YOY) decreases in both the average and median sold prices were minimal, indicating that prices are stabilizing. This trend suggests we could finish the year with relatively flat appreciation or depreciation.

Seasonal Slowdown: Fall and winter are traditionally slower periods for the market, and this year will likely be no different. Expect a seasonal slowdown until we approach Q1 2025.

Election Year Impact: As with most election years, uncertainty tends to slow the market, and 2024 is no exception. The upcoming election is expected to keep the market cool, with potential buyers and sellers taking a wait-and-see approach.

Pent-Up Demand: Despite the current sluggishness, the slow market is building pent-up demand. We anticipate a stronger market once we move past the current economic cycle.

For personalized insights and expert guidance on navigating this unique market, contact Courtney to provide comprehensive details and strategies tailored to your needs.


Featured Properties

2609 W 49th Street

4 BD

3 BA

2,805 SF

$1,549,999

  • Sold
2004 East 9th Street, Unit A

2004 E. 9th Street Unit A

4 BD

2 FB

1,511 SF

$650,000

  • Sold
214 B Smoke Tree Circle

214 B Smoke Tree Circle

4 BD

3.5 BA

3,697 SF

$975,000

  • Sold
1412 Fairhaven Gateway

1412 Fairhaven Gateway

4 BD

2.5 FB

2,477 SF

$375,000

  • Sold

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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

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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.