The Oldham Group Updates

We are starting a new year, and the spring real estate market is approaching fast, to get ready for what’s to come.

The Austin residential market in 2024 has been marked by stability, offering a refreshing change from the volatility of past years, pricing remains steady while inventory levels have increased.

The Federal Reserve announced a quarter-point cut to its key interest rate, marking its third rate cut of 2024.

During this holiday season, we are grateful for the opportunity to have you as our friends, clients and it is an honor to serve as your real estate experts.

November experienced a rise in sales activity, with closed sales increasing by 8% and new contracts surging by over 27% compared to last year, pointing towards heightened buyer confidence.

During this Thanksgiving season, we want to express our gratitude for the chance to have you as our friends and clients.

For buyers, this is a unique moment. With the spring market just around the corner, there’s a valuable window.

Selling in this market can and does happen with the right strategy.

COMPASS sells luxury….lots of it! COMPASS agents sold almost 4,000 unique properties priced $4 million or more

The current market presents more inventory and improved negotiation opportunities, particularly as sellers become more motivated.

This season sees a surge of international buyers and individuals from across the country, many drawn to the city for major events.

The Fed’s announcement on Wednesday, that it would lower rates by a half a percentage was good news for stocks.

The August residential figures have arrived! Homes are taking longer to sell, with the average days on market now at 70 days.

Today there are now 14,563 active listings on the market with an average current list price of $776,574 ($502,900 median).

At Compass, we understand that luxury homes require a unique level of expertise and discretion.

At Compass, we understand that luxury homes require a unique level of expertise and discretion.

Back-to-school season in Austin marks a key shift toward the fall market in the residential seasonal cycle.

As we navigate the Austin residential real estate market in the upcoming months, several key factors will play a crucial role in shaping the market’s trajectory.

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.

This is the highwater mark forlisting inventory meaning that buyers have a lot of options and sellers face strong competitive pressure.