January Numbers, Running & Racquets!

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The Oldham Group Austin | Courtney Oldham

Oldham Group Austin Update

The January Numbers are In!
February 16, 2024
The Oldham Group Austin | Courtney Oldham

The January Numbers are In!

⬆️ Sales increased by 4% year over year, driven by a decline in mortgage rates in the previous months.

⬇️ Despite a 4% decrease in the median sales price , the total sales dollar volume remained relatively unchanged.

⬆️ New listings also increased, indicating sellers’ response to the improved market conditions. However, the months of inventory remained below healthy levels, suggesting ongoing high demand for homes.

Reported by the Austin Board of Realtors

What We’re Watching
While inflation is still above the Federal Reserve’s 2% target, the figures exceeded expectations, leading to an increase in the 10 year treasury yield. This suggests a potential delay in rate cuts, keeping mortgage rates higher for a longer period. In the coming weeks, we’re watching the January jobs data, the producer price index, and indicators of construction activity, all crucial factors for understanding the evolving housing market.

What We’re Seeing
The Austin market tends to pick up steam after the Super Bowl gaining momentum leading into the spring season. That seems to be holding true in 2024 as showing activity, contracts written and units under contract are all on the rise.

Austin Business Journal

The Oldham Group | Austin Business Journal

We’re excited to announce that Courtney was nominated for a 2024 Austin Business Journal Residential Real Estate Award. The unveiling of the awards will take place on March 21, 2024 at the JW Marriot. Full ABJ Article

Featured Properties

4503 Lyra Circle

4503 Lyra Circle

3 BD

2.5 FB

1,736 SF


  • Under Contract
14912 Cabrillo Way

14912 Cabrillo Way

2 BD

2.5 BA

2,304 SF


  • Sold
214 B Smoke Tree Circle

214 B Smoke Tree Circle

4 BD

3.5 BA

3,697 SF


  • New Price
800 W. 5th Street #503

800 W. 5th Street #503

2 BD

2 BA

1,538 SF


  • New Price

What’s Happening

The Oldham Group | Austin Marathon

Austin Marathon

The Oldham Group | Vino and Vinyasa

Vino and Vinyasa

The Oldham Group | ATX Open

ATX Open

The Oldham Group | Tastemaker Awards

Tastemaker Awards

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.