The BIG Three Questions & Summer Essentials

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The Oldham Group Austin | Courtney Oldham

Oldham Group Austin Update

The BIG Three Questions
Markets Stats & Summer Essentials
June 21, 2024
The Oldham Group | Email Newsletter

The Big Three Questions

As an Austin real estate agent, I’m often asked three key questions:

1. *What is for sale?*
2. *How much is my home worth?*
3. *How is the market doing?*

I answer these by analyzing current data. Right now, I’m focused on the number of homes experiencing price reductions, inventory levels, and market absorption rates. These indicators give us the best picture of market trends and help to advise clients to timing and pricing strategies.

We further break down this information by different market segments, as the market varies by location and price point. By understanding these nuances, we can provide you with the best insights for making your real estate decisions.

Stay tuned for more updates and don’t hesitate to reach out for personalized advice on navigating the Austin real estate market!


The Oldham Group | Email Newsletter

Austin Market Statistics

Exploring the Austin housing market reveals a dynamic landscape shaped by diverse factors. From population growth to economic trends, understanding the latest statistics offers valuable insights for buyers, sellers, and investors alike. Here are the preliminary May numbers from the Austin Board of Realtors.

City of Austin | May 2024

  • Months of Inventory: 4.9 months ⬆️ 1.5 month YoY
  • Active Listings: 12,211 ⬆️ 37.7% YoY
  • New Listings: 5,243 ⬆️ 16.3%
  • Closed Sales: 2,968 ⬇️ 12.8% YoY
  • Average Days on Market: 95.5 days ⬆️ 1.3% YoY
  • Median Price: $459,450 ⬇️ 1.0% YoY

Source: TAustin Board of Realtors, May, Central Texas Housing Report

Want to know more about your specific neighborhood or property, call Courtney for a detailed and complimentary analysis.


Featured Properties

340 Hawthorne Loop

340 Hawthorne Loop

4 BD

3.5 FB

3497 SF

$1,050,000

  • Just Listed
1412 Fairhaven Gateway

1412 Fairhaven Gateway

4 BD

2.5 FB

2,477 SF

$375,000

  • Sold
214 B Smoke Tree Circle

214 B Smoke Tree Circle

4 BD

3.5 BA

3,697 SF

$975,000

  • Sold
800 W. 5th Street #503

800 W. 5th Street #503

2 BD

2 BA

1,538 SF

$915,000

  • New Price

Summer Essentials

Cabana Club

Cabana Club

Supergoop!

Supergoop!

Daybird

Daybird

Howler

Howler


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.