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

April 2022 Austin and Central Texas Housing Market Report

AUSTIN, TX — April residential home sales decreased across the Austin-Round Rock MSA for the second month in a row according to the Austin Board of REALTORS® April 2022 Central Texas Housing Market Report. Despite the dip, the five-county MSA was just 216 homes shy of breaking the record set for April home sales in April 2021. Austin-Round Rock MSA market remains competitive as home sales dip in April. First-time homebuyers will benefit by being prepared.

In April across the MSA, residential home sales declined 6.2% year over year to 3,280 closed sales as the median price rose 19.6% to a new all-time record of $550,000. Sales dollar volume grew 11.6% to $2,231,215,686, new listings dipped 0.2% to 4,653 listings, and homes spent an average of 18 days on the market, unchanged from April 2021. Active listings jumped 52.5% to 2,763, causing housing inventory to increase 0.3 months

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College Admission Comparison Between Westlake and Westwood High Schools

If you are looking for best high schools in Austin area, Westlake and Westwood high schools are among the top. In this post, I will share more details on both schools, since many of home buyers are interested in these schools.

Westlake high school is the only high school in Eanes ISD, while Westwood high school belongs to Round Rock ISD. They are very similar in school size, each grade has around 700 students. The student-teacher ratio is 14 to 1 in Westlake vs 16 to 1 for Westwood. Both schools provide many challenging advanced placement(AP) courses, and Westwood also offers the International Baccalaureate(IB) program. The average SAT score is 1350 for both schools according to the latest Niche data.

Not only an excellent academic reputation, Westlake is also known for its sports championship, it won the 2021, 2020, and 2019 6A Division Football state champions. Westlake sponsors

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March 2022 Austin and Central Texas Housing Market Report

AUSTIN, TX — The Austin-Round Rock MSA experienced a decline in residential home sales, while a slight increase in housing inventory coincided with a new all-time record for median sales price, according to the Austin Board of REALTORS® March 2022 Central Texas Housing Report.

In March, residential home sales declined 5.9% year over year to 3,302 closed sales as the median price rose 22.6% to a new all-time record of $521,100. Sales dollar volume grew by 10.3% to $2,130,213,961 as new listings dipped 1.2% to 4,150. Active listings jumped 46.1% to 1,731 listings, causing housing inventory to increase 0.2 months to 0.5 months of inventory. Pending sales fell 11.1% to 3,597 listings and listings spent an average of 21 days on the market, six fewer days than March 2021. 

City of Austin 

In March, home sales decreased 6.3% to 1,048 sales, while sales dollar volume increased 9.6% to $809,687,300. At

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Austin and Central Texas High School Overview for Home Buyer

According to a Trulia survey, 19% of Americans said that they would like to have their dream home in a great school district. Among parents of children under 18, the percentage of Americans who want to live in a great school district jumps to 35%.

There are many benefits when purchasing houses in a good school district. Homes in good school districts tend to sell faster than homes in low-quality school districts. During tougher economic times, homes in better school districts normally hold their value more than lower-quality district homes. On the other side, homes in better school districts also tend to be more expensive. This is understandable, since buyers are paying the premium for the better learning experience, better resources for the children, and most importantly better college admission opportunities.

Some of the top high schools in the great Austin area will be discussed in this article

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February 2022 Austin and Central Texas Housing Market Report

AUSTIN, TX —According to the Austin Board of REALTORS® (ABoR) February Central Texas Housing Report, closed listings increased 11.3% year over year to 2,581 sales across the Austin-Round Rock MSA last month. Combined with a new record median price, which rose 27.9% year over year to an all-time high of $499,995, 2022 is shaping up to be a big year for the MSA’s housing market. 

Across the MSA in February, sales dollar volume increased 34% year over year to $1,564,737,417 while new listings increased 10.4% to 2,834. At the same time, active listings decreased 4.1% year over year to 1,240 listings, while pending sales increased 20.3% to 2,967 across the MSA. This jump in pending sales indicate that March home sales growth could be equally strong as February. 

Housing inventory across the five-county area increased 0.1 months year over year to 0.4 months of inventory and homes spent an average of 28

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January 2022 Austin and Central Texas Housing Market Report

AUSTIN, TX —In January, the Austin-Round Rock MSA housing market experienced an overall decline in closed sales compared to January 2021 as the number of closed listings fell 5.8% to 2,295, according to the Austin Board of REALTORS® latest Central Texas Housing Report. Even with the slight downtick in closings and new listings, REALTORS® are looking forward to helping their clients navigate a busy and competitive market in 2022. 

In January, median sales price rose 30.4% to $476,000, a record for the month of January—and sales dollar volume rose to 18.2% to $1,318,618,884. New listings decreased 10.1% to 2,614 as active listings also dropped 0.7% to 1,351. Pending listings increased 3.8% to 3,352, as months of inventory stayed flat at 0.4 months. Homes spent an average of 28 days on the market, down six days from January 2021.     

City of Austin 

In the city of Austin, the median home price

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December 2021 and Year-End Central Texas Housing Market

AUSTIN, Texas – According to the December 2021 and Year-End Central Texas Housing Market Report released by the Austin Board of REALTORS® (ABoR), more homes were sold in the Austin-Round Rock MSA in 2021 than ever before, with residential home sales rising 2.5% year over year to 41,316 homes sold last year.

In addition to an annual record for closed sales, the median price for a home across the MSA set a record in 2021, rising 30.8% over 2020 to $450,000. Sales dollar volume jumped 32.6% to yield a $23,374,102,226 impact on the Austin-area economy in 2021. More homes hit the market in 2021 than ever before, with new listings increasing 5.9% to 46,449 homes and pending listings rising 1.1% to 42,592 homes. 

Despite a healthy growth in listing activity last year, the average number of active listings on the market dropped 48.2% to 2,348 homes

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November 2021 Austin Round-Rock housing market statistics

AUSTIN, TX — According to the Austin Board of REALTORS® (ABoR) November Central Texas Housing Report, closed listings dipped 4.9% to 3,215 across the Austin-Round Rock MSA in November. This occurred even as the housing market remains on track for a record-breaking year, with closed listings outpacing 2020 by 3.1% last month.

In November, 53% of the 3,215 closed listings —1,694 homes —sold between $250,000 and $500,000, today’s typical price range for first-time and first-time move-up homebuyers. This data indicates that despite a fast-paced market and record-low inventory, opportunity still exists to find the right home

In November, median sales price rose 29.7% to $470,000 — a record for the month of November — and sales dollar volume rose 20.5% to $1,882,296,166. New listings increased 6.7% to 2,950 as active listings ticked down 2.2% to 2,768. Concurrently, pending listings rose 7.6% to 3,407 as inventory dropped 0.1 months to 0.8 months of inventory. Homes spent an

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October 2021 Austin Round-Rock housing market remains stable

AUSTIN, Texas–– According to the Austin Board of REALTORS® (ABoR) October 2021 Central Texas Housing Report, the Austin-Round Rock MSA housing market remains on track for a record-breaking year, even as the market continues its calming trend. Home sales across the MSA decreased 12.1% to 3,250 closings compared to October 2020 as the median sales price grew 24.7% year over year to $455,000 setting a record for the month of October.

Across the MSA in October, sales dollar volume increased 6.4% year over year to $1,836,686,318 and new listings increased 0.9% to 3,777. At the same time, active listings decreased 0.5% year over year to 3,475 and pending sales increased 4.4% to 3,774 across the MSA. Monthly housing inventory dipped 0.1 months of inventory to 1.0 months and homes spent an average of 20 days on the market, down 16 days when compared to October 2020.

City of Austin

In the city of

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September 2021 Austin MSA housing market continues calming trend

AUSTIN, Texas – According to the Austin Board of REALTORS® (ABoR) September 2021 Central Texas Housing Report, the Austin-Round Rock MSA housing market is continuing its calming trend. Home sales decreased 5.1% compared to September 2020 as the median sales price of $450,000 set a record for the month of September across the MSA. To meet the continued demand, due in large part to economic activity and job growth across the region, addressing housing affordability and increasing available inventory should continue to be a top priority for the region.

As residential home sales in the Austin Round-Rock MSA declined 5.1% to 3,682, the median sales price grew 28.5% year over year to $450,000. At the same time, sales dollar volume increased 18.5% year over year to $2,078,429,244. New listings increased 16.9% to 4,136 as active listings grew 0.7% year over year to 3,723 listings and pending sales declined 1.1%

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