San Antonio Area Home Buying Only Slightly Down in April Despite Stay Home Orders

April 2020 San Antonio Home Sales Statistics

According to April reports, San Antonio area home sales, while slightly down from this time last year, are still moving forward despite our current environment and most people staying home to stay safe in March and April. Total home sales in April were at 2,748, representing an 8% decrease compared to April 2019. However, days on the market went down to 61 days on average, one day less from this time last year. This is according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS. April reports show 9,498 active listings in San Antonio, a slight increase from March, with 3,543 of those being new listings. Pending sales for the month are at 2,652. This indicates that home buying and selling is still on the move, even amidst the changing times of the pandemic.

Reporting for the state of Texas shows a decrease in home sales at 17.4% for 24,795 homes sold, as compared to San Antonio which only saw an 8% decrease for 2,748 homes sold. The average price in Texas showed a 1.4% increase and median price reported a 3.3% increase. In Texas, houses on average sat on the market for 56 days.

SABOR MLS Report: Home Sales Recap	April 2018	April 2019	April 2020
Total Month Sales	2,823 (17% increase)	2,988 (6% increase)	2,748 (8% decrease)
Average Price	$255,987 (2% increase)	$265,046 (4% increase)	$275,331 (4% increase)
Median Price	$222,500 (3% increase)	$230,000 (4% increase)	$241,500 (5% increase)
Days on the Market	58 days	62 days	61 days

*Percentage increases are based on a year-over-year comparison.

“While the numbers show a slight decline, we are still seeing movement and progress in the housing market in San Antonio, especially when compared with the state and other parts of the country,” said Kim Bragman, SABOR’s 2020 Chairman of the Board. “We have to remember the magnitude of what we have experienced across the world and expect that we will see some numbers that change the trend, but we are optimistic when looking at the big picture that momentum will keep driving forward in the housing market.”

Reports for Bexar County showed a slight decrease as well with the total number of homes sold at 2,007, a 9.3% decrease from April 2019. The average price, $265,110, and median price, $230,000 (which was the same as San Antonio’s median price), were up 4.5% and 4.8% respectively.

Nationally, nearly all of the nation’s metro areas saw price growth and had minimal inventory increases in the first quarter of 2020, according to the latest quarterly report by the National Association of REALTORS®. As reported by the National Association of REALTORS®, median single-family home prices increased yearover-year in 96% of measured markets in the first quarter, with 174 of 181 metropolitan statistical areas showing sales price gains. That is an increase from the 94% share seen in the fourth quarter of 2019.

The national median existing single-family home price in the first quarter of 2020 was $274,600, up 7.7% from the first quarter of 2019 ($254,900). “The first quarter price jumps mostly reflect conditions prior to the coronavirus outbreak and show the strength of the housing demand prior to the pandemic,” said Dr. Lawrence Yun, NAR chief economist. “Even now, due to very limited listings, home prices are showing no signs of buckling.”

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.