San Antonio Home Sales Increased by Double Digits in June

San Antonio Area Home Sales June 2020 – Infographic

San Antonio area home sales rebounded in June after two months of decreased sales volume in April and May due to the coronavirus pandemic. The San Antonio Board of REALTORS® reported 3,823 homes sold in San Antonio during the month of June, an increase of 14 percent compared to June 2019. The month of June shows an increase in all four categories indicating stability in the market according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS.

“The increasing sales numbers display a positive outlook for the housing market in San Antonio and surrounding area, which means we can expect that the remainder of the summer will follow a similar pattern of positive sales,” said Kim Bragman, SABOR’S 2020 Chairman of the Board. “The expansive area of San Antonio, in addition, helps offer a spectrum of homes that also may keep the numbers stable.”

Compared to June 2019, San Antonio’s average price of a home increased by 3% to $292,290. Year-to-date, the average price has shown an increase of 5% to $278,395. Since the start of 2020, there have been 9,089 active listings, and 16,840 total home sales in the city with an average of 64 days on the market. In June homes were on the market for an average of 59 days.

As predicted, June has shown to be a strong buying season. This can be seen by the number of pending sales of homes (3,785). An additional 931 homes are pending from June through July, consequentially resulting in a 32.6% increase. The San Antonio area currently has only 2.8 months of inventory available, making this a strong Seller’s market. While some potential home sellers may have put off listing their home for sale because of COVID-19 there is strong buyer demand due to the current low interest rates and the limited inventory of homes for sale.

If you are thinking of buying or selling a home in the San Antonio metropolitan area, and have questions about buying or selling a home, request your free home buyer or sellers’s guide through the following links – Guide to Selling Your Home – http://www.sanantoniohomeseller.info & Guide to Buying a Home – http://www.sanantoniohomebuyer.info or contact Trudy Edwards, REALTOR with Keller Williams Heritage at http://www.truesarealestate.com

SABOR Multiple Listing Service Report: Home Sales Recap

SA Home Sales Recap	Jun-20	Jun-19	Jun-18
Month Sales	3,823 (14% increase)*	3,352	3,326
Average Price	$292,290 (3% increase)*	$282,522	$269,815
Median Price	$251,700 (5% increase)*	$240,000	$232,600
Avg. Days on Market	59 (11% increase)*	53	51

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