Signs Point to a Healthy Housing Market in San Antonio

The February 2013 Multiple Listing Service report from the San Antonio Board of REALTORS®  showed signs pointing to a healthy real estate market in San Antonio.

San Antonio home sales were up eight percent (8%) in February with 1,379 homes sold. Another indicator of a healthy housing market is that 96.3 percent of those homes sold for the list price.   

Single family residential homes spent a mere 99 days on the market in February 2013, which is a four percent decrease from this time last year.

 “Low days on market indicate consumers are finding homes more quickly and we are tilting more towards a seller’s market,” said Steven Gragg, 2013 SABOR Chairman of the Board.

According to Fannie Mae’s February 2013 National Housing Survey, 25 percent of those surveyed say they believe it is a good time to sell a house. This is the highest percentage ever recorded in the survey’s history.

In addition to the quick turnaround of home sales, there has been a boom in luxury homes for the month with 4.4 percent of total homes sold being over $500,000, the highest percentage since 2011. 

Homes sold in the range under $200,000 accounted for 66.1 percent of total homes sold and those between $200,000 and $500,000 accounted for 29.6 percent. The average sales price for February 2013 for single family residential homes was $194,003 while the month’s median price was $157,000.

“With spring and summer around the corner, we are getting ready to enter our busiest season. We are hopeful that market conditions will continue to be this favorable, allowing both buyers and sellers to be satisfied in their transactions,” said Angela Shields, SABOR President and CEO. 

San Antonio Sales Recap	February 2011	February 2012	February 2013
Total Month  Sales	1,079	1,278	1,379
Average Price	$179,035	$184,397	$194,003
Median Price	$146,000	$150,500	$157,000

For more information about buying or selling a home in the San Antonio area, contact San Antonio real estate resource, Trudy Edwards of Legend Realty Group, KELLER WILLIAMS Realty Heritage at (210) 595-9801 or truesarealestate@gmail.com for a complimentary consultation, or visit TrueSARealEstate.com.