San Antonio Average Home Price Hits All-Time High in May 2014

mkt-stats-graphic-0514smIn the San Antonio real estate market the average price of a home in May 2014 reached an all-time high with a sales price of $225,114, according to the May 2014 Multiple Listing Service report by the San Antonio Board of REALTORS® (SABOR). This is a four percent increase from May 2013. The average number of days San Antonio homes stayed on the market dropped to just  65 days, a 17 percent decrease from May of last year. In all a total of 2,355 homes were sold in San Antonio in May 2014.

“Home prices continue to remain strong,” said Missy Stagers, SABOR’s 2014 Chairman of the Board. “The price per square foot has also increased to its highest – $102 – and inventory remains low at 4.7 months.”

A recent report from CoreLogic ranked Texas as the number one state with the highest percentage of residential  properties with a mortgage holding equity. According to the report, 96.7 percent of Texas homes hold equity.

San Antonio’s median price of a home sold in May was $183,800, a four percent increase from May 2013 and higher than last year’s peak median price in June of $180,400. Year-to-date the average price of a home sold is $211,990 and the median is $174,600. A total of 9,179 homes have been sold since January.

“Our total sales year-to-date have remained considerably higher this year than in previous years,” said Angela Shields, SABOR’s President and CEO. “We credit the strength of the housing market to San Antonio’s  continued job growth, affordability and low interest rates.”

Sales Recap May 2013 May 2014
Total Month Sales 2499 2355
Average Price $216,337 $225,114
Median Price $162,201 $175,900

About Trudy Edwards

Trudy Edwards is a San Antonio REALTOR®, selling homes in San Antonio, Texas. Trudy Edwards is an agent at KELLER WILLIAMS Realty Heritage, helping home Buyers and home Sellers in the San Antonio area. Trudy Edwards is a licensed REALTOR®, member of the National Association of REALTORS®, Texas Association of REALTORS® and San Antonio Board of REALTORS®. Trudy supports and actively participates in visual arts, music, dance and theater. Trudy is also active in her local community through participation in her neighborhood association.

Posted on July 5, 2014, in average home price, home prices, home sales, San Antonio and tagged . Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: