Looking Back on ’23 & Here Comes ’24!

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The Oldham Group Austin | Courtney Oldham

Oldham Group Austin Update

Looking Back on 2023 & Here Comes 2024
January 26, 2024
The Oldham Group Austin | Courtney Oldham

Looking Back on 2023 &
Here Comes 2024

Here are the highlights of the 2023 Austin residential market:

  • Avg Sold Price declined -8.07% from 2022 to 2023.
  • Med Sold Price declined -10.21% from 2022 to 2023.
  • Units Sold dropped -9.75% from 2022 to 2023.
  • Inventory remains tight at 3.0 MOI in 2023.
  • Avg Sold Price increased 46.2% from 2019 to 2023.
  • Avg Annual Appreciation from 2013 to 2023 was 6.5%

The pandemic caused extreme buyer behavior, and it appears that 2023 was the year things corrected. As we move into 2024, we’re expecting a more normal year. In Austin that means steady growth. We continue to look to job and population growth as they are the primary drivers of Austin’s real estate market (people need a place to live). Prices corrected last year and we expect to see an increase in both sales volume and price as we head into spring.

What Does this Mean for YOU?

Sellers– It’s GO time! This spring is likely to be the perfect opportunity to list your property. Buyers have been on the sidelines, but are reentering the market. It’s likely that prices already hit bottom and are starting to rebound. Catch the spring momentum!

Buyers– The spring market is just around the corner which means more inventory. Make sure you are pre-qualified and ready to make an offer. I anticipate a healthy amount of buyer activity as we move into February and March. Let’s talk about your next move!


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It’s Time to Shop!

Did you know that it’s a good standard practice to shop your homeowners insurance every couple of years? Homeowners insurance is an important policy to have in place because it can give you financial recourse if your home or property is damaged, stolen or destroyed. Even if you shopped around to get the best deal when you first purchased your home, it doesn’t mean your company still offers the best price. Many times you can get a better policy by: 1. Improving your credit 2. Raising your deductible 3. Bundling policies or 4. Improving your safety and security. Want to know more? Click HERE or reach out to Cade Oldham at Goosehead Insurance 512-913-4667.


Featured Properties

800 W. 5th Street #503

800 W. 5th Street #503

2 BD

2 BA

1,538 SF

$1,000,000

  • Available
14912 Cabrillo Way

14912 Cabrillo Way

2 BD

2.5 BA

2,304 SF

$615,000

  • Under Contract
4503 Lyra Circle

4503 Lyra Circle

3 BD

2.5 FB

1,736 SF

$450,000

  • Under Contract
3700 Black Granite Dr

3700 Black Granite Dr

3 BD

2 BA

1,363 SF

$379,000

  • Sold
214 B Smoke Tree Circle

214 B Smoke Tree Circle

4 BD

3.5 BA

3,697 SF

$1,184,999

  • Open House Sunday 1-3

What’s Happening

Giddy Up!

Giddy Up!

Date Night

Date Night

Clueless Movie

Clueless Movie

Le Garage Sale

Le Garage Sale


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.