George Wang, Agent Photo
George Wang
Broker/ Realtor®


Texas Fortune Realty
P O Box 160371
Austin, TX 78716

Phone: (512)694-6060
WeChat: GeorgeWangAustin
Email: GeorgeWang3@gmail.com
TREC #605970

Single-family home sales, inventory levels increase across Austin MSA in July 2017

AUSTIN, Texas – Aug. 17, 2017 – Single-family home sales volume held steady across the Austin-Round Rock Metropolitan Statistical Area (MSA) in July, while housing inventory levels posted strong gains, according to the July 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS­®, commented: “In years past, the high demand of the summer selling season has further constrained inventory levels and further pushed up home prices. This year has been different, with steady gains in sales volume as well as listings and inventory throughout the summer. During a month when housing inventory should reach its lowest point of the year, housing inventory across the Central Texas region is at its highest point since fall 2012.”

In July 2017, single-family home sales volume in the Austin-Round Rock MSA increased 2.8 percent year-over-year to 2,892 home

Continue reading……

Austin-Round Rock single-family home sales volume jumps, tops $1 billion in May 2017

AUSTIN, Texas – June 15, 2017 – Single-family home sales volume experienced strong gains across the Austin-Round Rock Metropolitan Statistical Area (MSA) in May, while home sales dollar volume topped $1.2 billion and set an all-time high for sales dollar volume, according to the May 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS­®, commented, “Housing is the backbone of our region’s economy and the heart of our communities. Housing demand continues to be at an all-time high in and around Austin, indicated by steady growth in home sales and prices, listing activity and housing inventory. The concurrent gains in listing activity and inventory, in particular, are a positive sign that housing inventory could continue to increase throughout the aggressive summer selling season.”

In May 2017, single-family home sales volume increased 9 percent year-over-year

Continue reading……

Single-family home sales increase across Central Texas region in April 2017

AUSTIN, Texas – May 16, 2017 – Single-family home sales increased throughout the Austin-Round Rock Metropolitan Statistical Area (MSA) in April, according to the April 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS­® commented, “After a slow beginning to the year, increases in single-family home sales, homes on the market, and housing inventory across the region in April 2017 indicate that the Central Texas housing market is ramping up for a strong summer selling season.”

Single-family home sales in the Austin-Round Rock MSA increased 3.2 percent year-over-year in April 2017 to 2,640 home sales. In the city of Austin, single-family home sales rose 2.2 percent annually to 827 home sales during the same time frame.

At the county level, single-family home sales jumped 8.6 percent year-over-year in Williamson County to 886 home sales

Continue reading……

Single-family home sales decline across Austin-Round Rock MSA, increase in Austin in March 2017

AUSTIN, Texas – April 20, 2017 – Single-family home sales declined across the Austin-Round Rock Metropolitan Statistical Area (MSA) and increased in the city of Austin in March, according to the March 2017 Central Texas Housing Market Report released today by the Austin Board of REALTORS®. Analyzing a growing disparity in market conditions among housing price classes, the report underscored the need for policies that create additional housing capacity to meet the market demand and a broader range of housing types throughout the region.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS® commented, “Growing disparities in housing market conditions at all levels of pricing represent an urgent and immediate need to fill the ‘missing middle’ in the region’s housing stock. The City of Austin’s CodeNEXT Zoning Comparison released earlier this week has given us a more tangible view of that need and confirmed the Austin Board of

Continue reading……

Home sales growth slows across Austin-Round Rock MSA, declines in local markets in February 2017

AUSTIN, Texas – March 16, 2017 – The February 2017 Central Texas Housing Market Reportreleased today by the Austin Board of REALTORS® showed a slowdown in single-family home sales growth throughout the Austin-Round Rock Metropolitan Statistical Area (MSA) in February 2017, indicating that the Central Texas housing market is beginning to normalize to more stable market conditions.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS­® commented, “The Central Texas housing market is just now beginning to catch up to itself after years of unprecedented sales growth. It’s important to remember that current figures are being compared to very strong housing market activity in 2016, so a decline in home sales growth does not automatically mean that the market is softening.”

Mark Sprague, State Director of Information Capital for Independence Title, agreed: “Low inventory levels, high home prices and slowing job growth across the region are preventing a

Continue reading……

Central Texas housing market starts Jan 2017 strong with gains in home sales volume, prices

AUSTIN, Texas – Feb. 16, 2017 – Single-family home sales posted strong gains throughout the Austin-Round Rock Metropolitan Statistical Area (MSA) in January, according to a new and expanded Central Texas Housing Market Report released today by the Austin Board of REALTORS®.

Brandy Guthrie, 2017 President of the Austin Board of REALTORS­® commented, “Consecutive years of strong housing demand and sales growth throughout Central Texas have significantly changed housing market conditions in Austin and the surrounding region. The radius of local market areas with critically low housing inventory levels has expanded out from Austin into surrounding counties, shifting the price range of available homes in local communities upward.”

Single-family home sales in the Austin-Round Rock MSA increased 7.0 percent year-over-year in January 2017 to 1,549 home sales. In the city of Austin, single-family home sales jumped 9.8 percent annually to 469 home sales during the same time frame.

Housing

Continue reading……

Central Texas housing market breaks sales record in 2016

AUSTIN, Texas – Jan. 18, 2017 – The December & Year-End 2016 Central Texas Housing Market Report released today by Austin Board of REALTORS® reported 2016 as another record-breaking year for Central Texas home sales, while also showing signs that the housing market could begin to normalize in 2017.

“The Central Texas housing market is slowly beginning to align with long-term historical trends. Homes are spending more time on the market and the pace of both home sales and price growth is slowing,” said Brandy Guthrie, 2017 President of the Austin Board of REALTORS­®. “This normalization does not necessarily mean a weakening housing market, but a return to less aggressive market conditions.”

Austin-Round Rock Metropolitan Statistical Area (MSA)

More than 29,000 (29,569) single-family homes were sold in the five-county MSA in 2016, a 3.9 percent increase from 2015 and an all-time high for annual home sales volume. Median price for

Continue reading……

Single-family home sales surge across Central Texas region in November

AUSTIN, Texas – Dec. 15, 2016 – Single-family home sales experienced double-digit growth across the Austin-Round Rock Metropolitan Statistical Area (MSA) in November, according to the November 2016 Central Texas Housing Market Report released today by the Austin Board of REALTORS®.

 

Aaron Farmer, 2016 President of the Austin Board of REALTORS­® said, “This end-of-year surge in home sales is an unusual and welcome surprise to what’s typically the lowest months for Central Texas home sales volume during the year. Home sales throughout 2016 continue to be fueled by our region’s steady population growth. At the current pace, 2016 will likely turn out to be another record year for Central Texas home sales.”

Single-family home sales in the Austin-Round Rock MSA jumped 15.8 percent year-over-year to 2,055 home sales in November 2016, while home sales in the city of Austin jumped 13.7 percent annually to 656 home sales. This

Continue reading……

Home Sales rise in City of Austin, decline across Central Texas

AUSTIN, Texas – Nov. 17, 2016 – Single-family home sales jumped within the city of Austin but declined across the Austin-Round Rock Metropolitan Statistical Area (MSA) in October, according to the October 2016 Central Texas Housing Market Report released today by the Austin Board of REALTORS®.

Aaron Farmer, 2016 President of the Austin Board of REALTORS­® said, “Home sales typically slow down in the fall, so it’s encouraging to see a surge of sales within Austin’s city limits last month. Much of this growth is being driven by new home sales in the city, which are up nearly 38 percent year to date. Homes within Austin’s city limits continue to be in strong demand, despite having a significantly higher price point than housing stock in surrounding areas.”

After relatively flat growth throughout much of the year, single-family home sales in the city of Austin jumped 7.5 percent year-over-year to 703

Continue reading……

Home sales increase across Central Texas in September 2016

AUSTIN, Texas – Oct. 18, 2016 – Single-family home sales increased across the Austin-Round Rock Metropolitan Statistical Area (MSA), but declined throughout the City of Austin in September, according to the September 2016 Central Texas Housing Market Report released today by the Austin Board of REALTORS®.

Aaron Farmer, 2016 President of the Austin Board of REALTORS­® said, “Housing is at the center of all economic development. Nowhere is this more evident than at the intersection of housing affordability and mobility. As more and more homebuyers look outside of Austin’s city limits to find an affordable home, our region’s infrastructure is increasingly strained and the overall costs of homeownership rise because of the increased cost to commute.”

In September, less than one in three homes sold in the Austin-Round Rock MSA and less than one in five homes sold in the Central Texas region were sold within Austin’s city limits.

Continue reading……