San Antonio Area November Home Sales Outpaced 2016
San Antonio area home sales continued briskly this fall, with San Antonio area home buyers undeterred by cooler temperatures. The San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS, reported that there were a total of 2,324 homes sold during November 2017, a seven percent increase in sales volume compared to 2016. The average San Antonio area sales price also rose seven percent to $256,253 and the median sales price climbed nine percent to $216,900.
Since January, more than 28,000 homes have sold in the area, a four percent year-over-year increase, while the average and median prices have also grown when compared to last year.
Half the homes sold in November were priced between $200,000 and $500,000 while homes priced under $200,000 made up almost 44 percent of the market’s sales. Homes priced over $500,000 accounted for six percent of the month’s market. Since January, only the months of May and November have reported more than six percent of sales in this high-end bracket.
In other parts of Texas, sales in Travis County in November decreased 1.3 percent year-over-year with a median price of $341,000. Sales in Dallas County rose 3.1 percent with a median sales price of $230,000 and sales in Harris County increased seven percent with a median price of $215,000. For comparison, sales in Bexar County rose 5.8 percent with a median sales price of $204,900.
Throughout the state of Texas, a total of 24,021 homes were sold, with the median price increasing 3.7 percent to $223,000. The statewide average sales price inched up three percent to $273,958 while days on market remained low at just 61 days.
SABOR Multiple Listing Service Report:
|SA Home Sales Recap||Nov-15||Nov-16||Nov-17|
|Total Month Sales||1,721 (2% increase)||2,168 (23% increase)||2,324 (7% increase)|
|Average Price||$217,456 (3% decrease)||$238,516 (10% increase)||$256,253 (7% increase)|
|Median Price||$183,400 (1% decrease)||$199,900 (9% increase)||$216,900 (9% increase)|
*Percentage increases are based on a year-over-year comparison
San Antonio has so much to offer home buyers, in terms of neighborhoods, price ranges and types of properties. Whether you are looking for a condo near downtown, a house in the suburbs, a fixer upper investment property, a new construction home or a luxury home, San Antonio has something for everyone.
If you are thinking of buying or selling a home in the San Antonio metropolitan area, and want to work with a trusted San Antonio REALTOR® throughout the process, contact Trudy Edwards of KELLER WILLIAMS Realty Heritage, at (210) 595-9801, or by email at TrueSARealEstate@gmail.com.
Posted on December 30, 2017, in Sales Statistics, San Antonio and tagged average home price, average price per square foot, Average Sales Price, Days on Market, Home, inventory, Market data, median sales price, Sales, San Antonio, statistics. Bookmark the permalink. Leave a comment.