Happy Thanksgiving & Housing Insights
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Oldham Group Austin Update
Thanksgiving & Housing Insights
November 22, 2024
Happy Thanksgiving
Happy Thanksgiving
During this Thanksgiving season, we want to express our gratitude for the chance to have you as our friends and clients. It is a privilege to be your real estate experts, and we truly enjoy working with you and your wonderful families. May the magic and wonder of this season fill your home.
Happy Holidays!
Courtney & Brett
Texas Housing Insight
The third quarter ended with an increase in home sales. Pending sales had a stronger increase, which could mean another positive month in October. Home prices increased slightly, and new listings decreased after stronger growth earlier in the year. In the new-home market, both permits and starts dipped in September. Growth was exceptionally strong for both in the spring, but the pace has since leveled out.
Sales Increase, New Listings Dip
After a dip in August, statewide seasonally adjusted home sales increased by 4.8 percent month over month (MOM), resulting in 26,165 homes sold with Austin at 2.6 percent (2,331).
Interest Rates on the Decline
Treasury and mortgage rates both declined in September but at a slower rate than the month before. The average ten-year U.S. Treasury Bondyield fell 15 basis points to 3.72 percent and has consistently been on the downward slope since April of 2024.
Single Family Permits Fall
Statewide, building permits decreased by 1.2 percent MOM in September. Except for San Antonio, which was up 1.2 percent, the Big Four had a downward trend with Dallas falling 5.4 percent (4,021), Austin 3.4 percent, and Houston 1.2 percent.
Home Prices Rose Slightly
Texas’ median home price rose 0.9 percent MOM in September from $334,836 to $337,698 (Table 2). San Antonio grew by 2.9 percent at $307,363 and Houston by 1.3 percent at $337,651. Austin dipped by 1.6 percent to $430,011 while Dallas fell by only 0.1 percent to 394,079.
Full Article, Texas A&M Real Estate Research Center
For additional information or questions about how the market is impacting the value of your home, set up a private consultation.
Featured Properties
495 Whippoorwill Trail
5 BD
4.5 BA
5,133 SF
$3,500,000
- Sold
6.31 Acres with Stunning Views – Perfect for Building Your Dream Home! Escape to Camelot in Westlake, where endless possibilities meet breathtaking scenery! This expansive 6.31-acre property offers the ideal canvas for your dream home, nestled in nature’s beauty. With panoramic views that stretch for miles, you’ll experience tranquility and privacy, while still being conveniently located near essential amenities. This rare opportunity provides ample space for custom building, outdoor recreation, and even future expansion.
Listed by: Courtney Oldham, Compass RE
6433 York Bridge Circle
3 BD
2 BA
1,887 SF
$650,000
- Under Contract
Impeccably maintained one story home in the highly desirable Park Place neighborhood of Circle C Ranch. The open floor plan flows seamlessly, making it perfect for entertaining. The spacious family room is adorned with gleaming hardwood floors, a cozy gas log fireplace, and an abundance of natural light that filters through large picture windows, creating a warm and inviting atmosphere. Sit on the private back patio with a cup of coffee! Walking distince to everything Taco Deli, Alamo Draft Houses, School sand more!
Listed by: Courtney Oldham, Compass RE
2004 E. 9th Street Unit A
4 BD
2 FB
1,511 SF
$650,000
- Sold
Nestled in the heart of the vibrant Blackshear/Prospect Hill neighborhood of East Austin, this charming two-story bungalow seamlessly blends classic character with modern updates. The property features newly renovated bathrooms, complete with contemporary vanities, elegant lighting fixtures, and stylish hardware, providing a luxurious and comfortable living experience.
Listed by: Courtney Oldham, Compass RE
What’s Happening
Truluck’s
Leave the cooking to Truluck’s so you can spend more time with family and friends. Alongside their signature seafood dishes, they are offering a special three-course Thanksgiving menu. Reserve your table at Truluck’s.
Turkey Trot
The ThunderCloud Subs Turkey Trot, one of Austin’s most beloved Thanksgiving traditions, started in 1991 with just a handful of volunteers and 600 participants. Today it has grown to be the largest 5-mile run in Texas, with more than 700 volunteers and over 20,000 participants from all over the U.S. and beyond.
Turkey To Go
Pre-order Our Thanksgiving Specials Now! Bring local Austin eateries to your Thanksgiving table! Several local restaurants are making Thanksgiving dinner easier…order pumpkin pies, pull apart rolls, rustic croutons and so much much more from your local favorites!
Tillie’s
This Thanksgiving, gather with loved ones on the beautiful grounds of Camp Lucy. Thanksgiving at Tillie’s includes all your favorites: tender smoked turkey, savory stuffing, seasonal sides, and decadent pumpkin cheesecake—each dish freshly prepared by our exceptional culinary team using only the finest ingredients.
Trail of Lights
Can you believe we’re celebrating 60 years of #atxlights?! Get your tickets today and bring the whole family to Zilker Park from Dec. 10 – 23 for unforgettable nights full of fun and holiday traditions at the Trail of Lights, powered by H-E-B. For tickets visit
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.
Courtney Oldham
© Compass 2025 | 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.
