🌿 They're Here - Buyers & Bluebonnets! 🏠
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They're Here - Buyers & Bluebonnets
March 10th, 2023
February Statistics, Strong Demand
The preliminary numbers for the month of February 2023 showed an uptick in demand (which is now a strong trend) as prices declined marginally Month Over Month (-4.4%) and relatively considerably Year Over Year (-11.2%). In short, prices are is slightly lower but sales activity has picked up considerably – buyers are back in the market!
Key Highlights:
- Months of Inventory in the Metro remained relatively unchanged, the city of Austin inventory sits at 4.1 MOI.
- Avg Days to Sell increased to 70 days from 25 in 2022.
- Avg Sold Price in the Metro declined by -4.4% Month Over Month compared to January 2023.
- Interest rates climbed in February and finished the month approaching 7%.
- Under Contract units improved again with a -9.6% YOY decline from Feb 2022.
Featured Listings
3408 Stratford Hills Lane
1609 Harford Road, Unit A
What's Happening
Rodeo Austin
Rodeo Austin is one of America’s top 5 Pro Rodeos! The two-week long event provides gritty fun while also raising millions to support Texas children! Join in the fun and check out the line up here!
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Creative & Cultive
There are so many cool SXSW events it’s hard to choose which ones to attend, but this one is at the top of our radar. Create & Cultivate offers incredible speakers and networking opportunities with trailblazing founders and entrepreneurs from disruptive brands.
RSVP for the event here.
Future of Food
Friday, March 10th – Saturday, March 11th. If you’re a foodie, this is a SXSW event you won’t want to miss. Discover the Future of Food at the SXSW Center Building. This free event is open to everyone.
Click here to RSVP.
Compass #1 Brokerage
For the second year in a row RealTrends has named Compass the #1 brokerage in the United States by sales volume! Our incredible Compass agents – sold more residential real estate than any other brokerage in the country, helping thousands of your clients and their families find their place in the world.
Courtney Oldham
- Broker Associate, Oldham Group
- 512.809.5495
- [email protected]
© 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.
A Few Oldham Group Specialties
The Oldham Group is a team of real estate agents affiliated with Compass. Compass is a licensed real estate broker and abides by all applicable Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.
© 2024 The Oldham Group
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