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
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As we wrap up the first quarter of 2025, it’s time to zoom into March — a pivotal month in the real estate cycle — and take a deep dive into how the market has evolved over the past three years. Here’s a breakdown of what’s happening with median sale prices, inventory levels, closed sales, and more, and what it all means for buyers, sellers, and investors.
March Year-over-Year Comparison (2025 vs 2024 vs 2023) MetricMarch 2023March 2024March 2025YoY Change (2024– 2025)Median Sales Price$514,900$510,000$529,950▲ +3.9%Closed Sales1,2621,1901,117▼ -6.1%Sales Volume ($B)$0.851B$0.828B$0.807B▼ -2.5%Months of Inventory3.14.15.3▲ +1.2New Listings2,2502,3202,658▲ +14.6%Active Listings3,7754,6955,735▲ +22.1% Key Takeaways: Prices have rebounded after a dip in 2024, with a 3.9% increase YoY. Sales activity is cooling, with a consistent drop in closed sales over the last two years. Inventory continues to rise, reflecting a shift toward a more balanced or even buyer-favored market. Homes are selling slightly faster, possibly
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As the spring selling season kicks off, the March 2025 housing market data from the Abor MLS offers a clear picture of how the residential market is evolving across Central Texas. We’re diving into a detailed year-over-year comparison and several key metrics to understand what buyers, sellers, and investors should be aware of.
March 2025 Austin MSA Real Estate Market Statistics 1. Median Sale Price: Softening Slightly
The median sale price dipped ever so slightly from $450,000 in March 2024 to $446,000 in March 2025, continuing a gentle downward trend that started after the peak of the market in 2022 ($521,100 in March). Over two years, the price has dropped by about 14.4%. This signals a continued market correction following the rapid price growth during the pandemic years.
Austin Round Rock MSA Housing Median Price Trend
📌 Takeaway: Prices are stabilizing, giving buyers a bit more leverage.
2. Months
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The Williamson County real estate market has seen notable changes over the past few years. This analysis explores the latest trends by comparing data from January and February 2025 with the same months in previous years. Additionally, we examine key indicators, including median sale price, months of inventory, closed sales, and new listings, supported by detailed trend charts.
Year-Over-Year Comparison January 2025 vs. January 2024 & January 2023 Median Sales Price: Decreased to $400,000 in January 2025 from $429,000 in January 2024 and $437,500 in January 2023.Closed Sales: Increased to 623 in January 2025, compared to 607 in January 2024 but lower than 556 in January 2023.Months of Inventory: Increased significantly to 4.7 months in January 2025 from 2.6 in January 2024 and 2.5 in January 2023.New Listings: Increased to 1,114 in January 2025 compared to 992 in January 2024 and 892 in January 2023. February 2025 vs. February
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The Travis County real estate market has undergone significant shifts from a strong seller’s market in 2022 to a more balanced, inventory-heavy market in 2025. Buyers now have more choices and negotiating power, while sellers face increasing competition. The median price appears stable, but ongoing inventory growth and moderating closed sales suggest the market may remain cooler unless demand surges later in the year.
1. Year-over-Year Comparisons (Latest Month) The latest data available is from February 2025. Compared to February 2024 and February 2023:
Median Sales Price: $515,000 in Feb 2025 vs. $500,000 in Feb 2024 and $499,990 in Feb 2023. The price has rebounded after a slight dip in 2024 and is showing steady appreciation.Closed Sales: 852 in Feb 2025 vs. 953 in Feb 2024 and 938 in Feb 2023. Sales volume decreased slightly from last year, possibly reflecting buyer hesitancy due to higher inventory.Months of Inventory: 5.8
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The Austin residential real estate market has experienced significant shifts between 2022 and Feb 2025, reflecting broader economic forces, interest rate adjustments, and changing buyer behaviors. Below is a comprehensive analysis of key market metrics and emerging trends, based on data sourced from the ABOR MLS.
1. Year-over-Year Comparison (As of February 2025)
When comparing February 2025 to the same month in previous years:
Median Sale Price has decreased by 2.95% from 2024 and 1.47% from 2023, settling at $430,000.Number of closed Sales dropped by 13.45% compared to 2024 and 11.88% compared to 2023.Sales Dollar Volume also declined, showing an 11.76% decrease from 2024.Months of Inventory surged by nearly 90% compared to last year, indicating a market leaning heavily toward buyers.New Listings remained steady year-over-year but were still significantly higher than 2023 levels.Pending Sales showed a strong 27.6% increase over 2024, suggesting some resilience in buyer interest. 2. Median
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AUSTIN, Texas — In the Austin-Round Rock MSA, housing inventory reached 4.0 months of inventory, the highest level in more than eight years, according to the Austin Board of REALTORS® September 2023 Central Texas Housing Market Report.
The market also experienced a drop in closed sales, which decreased by 18.2% year over year to 2,387 sales, and the median close price dipped 4.3% year over year to $452,080, both symptomatic of higher mortgage rates and highlighting the need for sellers to connect with and rely on REALTORSⓇ.
In September, sales dollar volume fell 19.8% year over year to $1,390,205,344, while homes spent an average of 65 days on the market, up 24 days from September 2022 across the Austin-Round Rock MSA. New listings decreased 7.0% year over year to 3,644 listings, active listings jumped 7.8% year over year to 10,235 listings and pending listings rose 7.7% year over
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AUSTIN, TX — In the Austin-Round Rock MSA, closed sales rose by 1.4% to 2,939 sales, the first increase in closed sales year-over-year since February 2022, according to Austin Board of REALTORS® August 2023 Central Texas Housing Market Report. Through the Austin-Round Rock MSA, the region also experienced an 8.8% month-over-month increase in closed sales, a healthy indication of buyer confidence in the market. Housing inventory also continues to show gradual progress with a year-over-year increase of 1.0 month to 3.8 months of inventory.
In August, sales dollar volume fell 6.0% to $1,713,589,878, while homes spent an average of 60 days on the market, up 28 days from August 2022 across the Austin-Round Rock MSA.
The median price slightly dropped 7.6% to $460,000 while new listings ticked up 0.3% to 4,084 listings, active listings jumped 12.2% to 9,955 listings and pending listings rose slightly 2.0% to 2,686
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AUSTIN, Texas — According to the Austin Board of REALTORS® July 2023 Central Texas Housing Market Report, closed listings increased 0.6% year-over-year to 2,815 closed sales across the Austin-Round Rock MSA. When considering July 2022 is when the market initially began to stabilize, and when combined with pending sales rising 14.5% to 2,892 pending sales, the housing market is poised for a strong finish to 2023.
In July across the Austin-Round Rock MSA, sales dollar volume dropped 7.2% to $1,668,708,916, while homes spent an average of 59 days on the market, up 37 days from July 2022.
The median price also dropped 10.3% to $462,000 and new listings fell 23.7% to 3,884 listings. Active listings increased 12.8% to 9,663 active listings while housing inventory increased 1.0 months to 3.7 months of inventory.
City of Austin
837 – Residential homes sold, 1.3% more than July 2022.$550,000 – Median price for residential homes, 12.0%
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AUSTIN, TX — During the first six months of 2023, the Austin-Round Rock MSA housing market remained robust and continued to normalize despite macroeconomic factors impacting the housing market and economy, according to the Austin Board of REALTORS® Central Texas Housing Market Report. Despite increased inventory across the region, long-term solutions to address affordability and housing availability are still needed. ABoR will once again convene experts from across the community this month to continue advancing housing solutions designed to ensure the future of the region’s housing market is equitable and sustainable.
Last month across the MSA, residential home sales declined 8.5% year over year to 3,147 closed sales while the median price also dropped 9.6% to $483,000 for the month of June. Sales dollar volume fell 15.6% to $1,921,766,942 and new listings declined 23.6% to 4,638 listings.
The number of homes on the market jumped 38.4% to 9,631 active
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AUSTIN, Texas — In May, home buyers and sellers saw more opportunity across the Austin-Round Rock MSA according to the Austin Board of REALTORS® May 2023 Central Texas Housing Market Report. Housing inventory grew 2.2 months to 3.4 months of inventory and active listings soared 118.9% to 8,960 active listings indicating buyers and sellers view the market as a more favorable environment than in recent months.
In May, pending sales across the MSA slightly dipped 0.5% to 3,243 pending sales, while homes spent an average of 65 days on the market, up 49 days from May 2022. The median home price declined 15.0% to $467,500 while residential home sales also decreased 4.2% year-over-year to 3,411 closed sales. At the same time, sales dollar volume dropped 14.8% to $2,068,145,860.
City of Austin
In May, home sales slightly decreased 7.6% to 1,028 sales, while sales dollar volume fell 19.6% to
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