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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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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The decision to buy or rent a house depends on various factors, and there isn’t a one-size-fits-all answer. However, numbers won’t lie, in this blog, we will take a close look from the financial/number side, because building equity is one of most important aspects of house ownership, besides living quality, stability and security.
The spreadsheet I created is to determine the required annual appreciation in house value to offset the cost difference between buying and renting. In the provided example, the annual appreciation in house value must be 3.72% over the five-year ownership period to cover the additional expenses associated with purchasing and owning the house. The spreadsheet is based on assumptions of a $500,000 house price, a 6.25% interest rate on a 15-year fixed mortgage, a 20% downpayment, and approximately 2.25% property tax. These figures were typical for the Austin area at the time this blog was
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As a selective public magnet high school, Liberal Arts & Science Academy (LASA) is one of the best high schools in Austin area, it offers rigorous, interdisciplinary curriculum and hands-on learning opportunities. In this post, I will share the college placement data of LASA High School between 2021 and 2023. The table below summarizes the enrollment statistics.
Check out my other posts on central texas high schools.
Table One: Austin LASA High School College EnrollmentGraduation Year202320222021Total Graduates321295308Brown University003CalTech102Columbia University101Cornell University211Dartmouth University010Duke University001Harvard University311MIT113University of Pennsylvania101Princeton University101Rice University242Stanford University412Yale University101Berkeley302CMU221UT-Austin385241Texas A&M493142
While LASA is open to all Austin ISD residents, admission is competitive and contingent on application, academic record and test scores. LASA focuses on STEM fields and provides excellent opportunities to students. Every year, about 95% of LSAS graduates will enroll at 4 year institutions, and about 50% will attend Texas colleges. Many of the LASA’s top students went
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If you are looking for top high schools in Austin area, Westwood high school will be among the best. In this post, I will share the college placement of Westwood High School for the year 2002 and the year 2023 graduates. The table below summarizes the enrollment statistics.
Check out my other posts on central texas high schools.
Table one: Westwood High School College EnrollmentGraduation Year2023202220212020201920182017Total Graduates672634707644600641620Brown University0100001Columbia University0100001Cornell University2220300Dartmouth University2010320Duke University1123020Harvard University3021142MIT1351200University of Pennsylvania1111010Princeton University0101110Rice University54421311Stanford University0111212Tufts University0000110Yale University1110000Berkeley6334332CMU7142310UT-Austin7772891019211287Texas A&M79747348353335
In summary, about 93% of Westwood high school graduates will attend college, and more than 60% will spend their college life in the great state of Texas. Many of them will have the opportunity of going to top elite universities thanks to the excellent academic education from Westwood High School.
As a real estate agent with 10+ years of experience, almost all my buyers consider school district
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If you are looking for top high schools in Austin area, Westlake high school will be among the best. In this post, I will share the college placement of Westlake High School for the year of 2002 and the year of 2023 graduates. The table below summarizes the admission and enrollment statistics.
Check out my other posts on central texas high schools.
Westlake High School College Admission for 2022 and 20232022 (717 Graduates)2023 (695 Graduates)CollegeAppliedAdmittedAdmitted %AttendingAppliedAdmittedAdmitted %AttendingBrown University4112.44%15024.00%1Columbia University4000.00%05036.00%1Cornell University6134.92%250612.00%4Dartmouth University2600.00%03313.03%1Duke University5235.77%153611.32%4Harvard University40410.00%05511.82%1MIT34514.71%54312.33%1University of Pennsylvania5400.00%05946.78%3Princeton University3213.13%14224.76%2Rice University8866.82%4891112.36%6Stanford University5535.45%36722.99%2Yale University3625.56%15111.96%1UT-Austin35929782.73%8640727968.54%88Texas A&M29921371.24%5932721766.41%74
Some Key Points:
In 2023, there was an overall increase in the number of applications to most elite colleges, but the admission percentages varied.Some colleges, such as Columbia, Duke, and Princeton, saw a rise in their admission percentages from 2022 to 2023.More than 70% of applicants got admitted to the University of Texas at Austin or Texas
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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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