Savoring the Last Rays of Summer, Fall Market Approaches
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Oldham Group Austin Update
Savoring Summer & Gearing for Fall Market
August 16, 2024

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
A modern masterpiece in the coveted Rosedale neighborhood. This expertly remodeled home boasts of soaring ceilings that create an expansive and luxurious atmosphere. With over 70 windows, natural light floods every corner, highlighting the home’s exquisite design and attention to detail.
Listed by: Courtney Oldham, Compass RE
2004 E. 9th Street Unit A
4 BD
2 FB
1,511 SF
$650,000
- Sold
Nestled in the heart of the vibrant Blackshear/Prospect Hill neighborhood of East Austin, this charming two-story bungalow seamlessly blends classic character with modern updates. The property features newly renovated bathrooms, complete with contemporary vanities, elegant lighting fixtures, and stylish hardware, providing a luxurious and comfortable living experience.
Listed by: Courtney Oldham, Compass RE
214 B Smoke Tree Circle
4 BD
3.5 BA
3,697 SF
$975,000
- Sold
New custom home built by Schwartz Custom Homes in the sought after Hilltop section of the award-winning Headwaters Community. Enjoy a three car garage, fine finishes, generous outdoor living spaces and views for days!! Dripping Springs ISD.
Listed by: Courtney Oldham, Compass RE
1412 Fairhaven Gateway
4 BD
2.5 FB
2,477 SF
$375,000
- Sold
Welcome to Fairhaven! This fabulous Georgetown community boasts of great amenities including a large pool with splash pad, pickle ball courts, playground, pavilion, walking trails. This gorgeous two-story home has an open-concept kitchen with oversized island, breakfast bar, exceptionally large pantry, granite counters, ample cabinets with crown molding & stainless appliances! Upgrades include vinyl plank flooring throughout the lower level, ceiling fans, blinds, alarm system, security door system and smart WiFi thermostats.
What’s Happening

Oysters, Steaks & Wine… Oh My!
J. Carver’s Oyster Bar & Chophouse is an upscale, cozy, and romantic restaurant serving premium steaks and seafood! The baked potato gnocchi, bone-in filet and crab cakes are to die for…and the oysters are exceptional! J. Carver’s has a private dining room, counter seating, and valet parking for $10.

Lake Day!
We have gorgeous water access right here in our hometown. While Lady Bird Lake offers easy downtown access for paddle boarding, kayaking, and rowing, it’s the refreshing waters of Lake Austin that are perfect for cruising around on an idyllic day of boating and swimming.

Sayonara Summer!
Sayonara summer! Before they take their summer break, OTOKO is taking over the South Congress Hotel rooftop pool with Rosaluna Mezcal. Dip in for sunny Soco views, full SCH pool and pool bar access with a featured Rosaluna Mezcal cocktail from the Watertrade.

Millionaires in Austin
All-neutral color palettes might be out—or at least taking a long summer vacation right now.
Need more convincing? Just look at the way bold colors have been defining interior spaces lately, especially in this week’s roundup of Instagram looks that feature eclectic living rooms inspired by famous artists.
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.

Courtney Oldham
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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.