Housing Market Floods: What Record Inventory Levels Mean for You.

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The Oldham Group Austin | Courtney Oldham

Oldham Group Austin Update

Residential Inventory Floods Market
July 26, 2024
The Oldham Group | Email Newsletter

Inventory Levels Hit Record High

The Austin real estate market is experiencing an unprecedented surge in inventory levels, hitting a record high.

In June, the number of active listings skyrocketed to 14,727, marking a significant milestone for the region. This influx of homes has resulted in a highly competitive environment for sellers. The average list price stands at $792,403, with a median price of $525,000. Notably, homes in the luxury segment, make up 16.8% of the market, reflecting Austin’s growing appeal among affluent buyers.

This substantial inventory provides buyers with a lot of options, intensifying the competitive pressure on all listings. As a result, sellers must strategize carefully to make their properties stand out in a crowded market. While buyers are finally experiencing more choices and potentially more negotiating power, they also require sellers to be more aggressive in pricing and marketing their homes to attract attention.

For those interested in understanding how these dynamics affect their real estate decisions, diving into the specifics of current inventory trends is crucial. For personalized insights and expert guidance on navigating this unique market, contact Courtney, 512-809-5495 who can provide comprehensive details and strategies tailored to your needs.


Featured Properties

2609 W 49th Street

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100 Sequoyah Street

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800 W. 5th Street #503

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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.