Buyers Have Leverage, Inventory Still Low

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The Oldham Group Austin | Courtney Oldham

Buyers Have Leverage, Inventory Still Low

March 24th, 2023

The Oldham Group Austin | Courtney Oldham

February Market Report

In February, home buyers continued to gain leverage across the Austin-Round Rock MSA as housing inventory increased to 2.6 months according to the Austin Board of REALTORS® latest Central Texas Housing Report. This increase in supply fuels growing confidence in the market from REALTORS® and home builders across Central Texas. “Austin’s housing market is trending in the right direction.”

Buyers are back in the market, but the data highlights that inventory remains incredibly low. Homes are staying on the market a little longer and sellers are having to do more to prepare their homes for market and to keep buyers in the deal.

Months of Inventory: 2.6 +2.3 YoY
Active Listings: 5,167 +499.3% YoY
Closed Sales: 2,106 -117.2% YoY
Average Days on Market: 84 +55 days YoY
Average Days to Close: 42 -5 days YoY
Median Price: $436,419 -12.2% YoY

Source: Austin Board of Realtors

Featured Listings

555 E. 5th Street #901

2 BD | 2 FB | Corner Unit | 1,389 SF
Welcome home to the 5FiftyFive located in the Residences at the Hilton! This spacious 2 bedroom and 2 bathroom condo is move-in ready with recently upgraded wood floors and paint. Floor to ceiling windows provide captivating views to the north and east. Entertain friends or relax with a cup of coffee on the wrap around porch! Connected to the Hilton Hotel, the residences have a private entrance with 24-hour concierge services, with access to restaurants, bars, and the Starbucks coffee at the lobby level.
Listed by: Courtney Oldham, Compass RE

3408 Stratford Hills Lane

5 BD | 5 FB | 3 HB | 1.23 AC | $5,200,000
Stunning sophistication in Stratford Mountain. This private estate is perfectly positioned on a generous 1.235-acre lot with views of Lake Austin from the spacious second floor balcony. Amazing attention to every detail – exquisite trim work, elegant iron details and resort-like outdoor spaces.Award-winning Eanes School district just minutes from downtown and Zilker Park.
Listed by: Courtney Oldham, Compass RE
1609 Hartford Road

1609 Harford Road, Unit A

3 BD | 4 BA | 2381 SF | $1,395,000
Rare, move-in ready 3/3.5 in 78703 with 2 car garage (including Tesla charger) for under 1.4mm. Lives like a single family home (Townhome style, corner unit in small 4-unit complex) with very solid construction. Flexible floor plan w/ elevator will appeal to many buyers. Schedule showings through ShowingTime. Zoned to desirable Casis.
Buyer Representation: Courtney Oldham, Compass RE
3 BD | 3 BA | 1448 SF | $625,000
Southwest Austin
3 BD | 2 BA | 1250 SF | $1,999,999
LOT 53 AND 1/2 OF 54 | $1,395,000
Round Rock
3 BD | 3 BA | 1820 SF | $399,995
4 BD | 4 BA | 2764 SF | $575,000
UNIT 128 | 2 BD | 2 BA | 1323 SF | $399,999

What's Happening

Dell Match Play

Sunday, March 26th | 9:00 AM
With a rare, match-play format consisting of the top 64 players in the Official World Golf Rankings, the Dell Technologies Match Play field annually consists of the very best players from around the world from all Tours. TICKETS

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!

Playdates in the Park

Playdates in the Park is an inclusive, free community event series in partnership with Creative Action designed to activate families with small children in our local parks through storytelling, music and movement. MORE

Bar Peached Brunch

The Sunday Brunch you know and love — now available 𝘈𝘓𝘓 𝘞𝘌𝘌𝘒𝘌𝘕𝘋! Starting March 25th, we’ll be open for Brunch on Saturday mornings from 11am-2:30pm as well as Sunday! You’ll also find a couple of new additions to the brunch menu including Steak & Eggs and Social Burger. MORE


Knowing what your home is worth is important information to have if you are thinking of selling your home. Call Courtney 512-809-5495 for a current pricing analysis and a customized strategy for selling your property in today’s market.

The Oldham Group Austin | Courtney Oldham

Courtney Oldham

© Compass 2023 | 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.

Thank you for your interest, we will be in touch shortly!

Team Oldham Group | Moving Austin Forward | Courtney Oldham