Category Archives: Sales Statistics

San Antonio Area Home Sales Saw Double Digit Increase in April

SABOR-mkt-Stats-graphic-April-17

The volume of home sales in the San Antonio area shot up 17 percent year-over-year in April, according to the Multiple Listing Service (MLS) Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the San Antonio MLS. A total of 2,848 homes were sold in April and 98 percent of those homes sold for list
price. The month ended with 2,881 sales still pending and inventory remained low with a tight 3.4 months available.

In addition, both the average and median home prices experienced modest increases, with the average price rising two percent year-over-year to $255,952 and the median price increasing three percent year-over-year to $222,800.

While it’s true that the low inventory means homes are high in demand, there are still many properties available for sale at a variety of price points, For those looking to buy, just know that you’ll need to be ready to make a quick decision. You can prepare by
making sure you know your priorities and getting pre-approved.

Homes in the mid-range of prices continued to make up just over half the market – 53.4 percent – while homes priced under $200,000 accounted for 40.1 percent of the homes sold. The remaining 5.9 percent of the homes sold were those priced over $500,000. April reported 8,870 active listings and 4,045 new listings available.

Meanwhile, the number of home sales in Bexar County increased 15.3 percent year-over-year for a total of 2,107 homes sold. Both the average and median prices in the county experienced little year-over-year growth, with the average remaining consistent with last year for a price of $242,045 and the median edging up just 1.8 percent year-over year
to $208,500.

“With nearly 3,000 sales still pending at the end of April, we head into the beginning of the summer buying season with a healthy start and expect to keep seeing strong sales figures,” said Gilbert Gonzalez, SABOR’s Interim CEO. “Higher prices should encourage more owners to put their homes on the market, adding much needed supply to our inventory.”

SABOR Multiple Listing Service Report:

SA Home Sales Recap April 2016 April 2017 April 2018
Total Month Sales 2,481 (4% increase) 2,443 (2% decrease)  2,848 (17% increase)
Average Price $234,575 (4% increase) $251,738 (8% increase) $255,952 (2% increase)
Median Price $199,400 (5% increase) $215,400 (8% increase)  $222,800 (3% increase)

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

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.

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San Antonio Home Sales Outperform Previous Years in 2017

SABOR Market Stats January to December 2017

San Antonio area home sales rocketed past previous years’ records in 2017, reporting the largest number of home sales yet according to the San Antonio Board of REALTORS® Report on Year-End Housing Market Data. A total of 30,715 single-family homes were sold in 2017, which was four percent more than in 2016.  The average sales price of a home in the area was $250,251 while the median sales price was $214,300, a four and five percent increase respectively.

While it’s true that inventory has remained tight all year – below four months actually – buyers still were not deterred from jumping into the market and were attracted by the area’s variety of price points and property types. With so much interest in buying and selling property here, it is no surprise the year ended with such record-breaking numbers.

In fact, every month except two in 2017 outpaced 2016’s total sales figures, with the most significant year-over-year increase occurring in May with an 11 percent jump. Meanwhile, the market continued to favor sellers with the lowest inventory reported in December at just 3.1 months. At its lowest, days on market fell to just 48 days in August while on the high end both February and December reported 63 days on market.

Homes priced under $200,000 accounted for 44.8 percent of the sales in 2017 while homes priced between $200,000 and $500,000 made up 49.8 percent of the year’s market. Homes priced over $500,000 accounted for 5.4 percent of the year’s sales, 0.5 percent more than in 2016.

Despite increased demand, San Antonio’s housing market continues to be among the most affordable of the large metros in the state. We are very fortunate to live in a city with a strong economy and booming job market that help keep our housing market stable.

San Antonio Home Sales Recap Jan.- Dec. 2015 Jan. – Dec. 2016 Jan. – Dec. 2017
Total Sales  27,256 (9% increase) 29,596 (8% increase) 30,715 (4% increase)
Average Price $231,847 (6% increase)   $239,536 (3% increase)  $250,251 (4% increase)
Median Price $192,800 (7% increase) $204,300 (6% increase)  $214,300 (5% increase)

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

 If you are looking to buy or sell a home in the San Antonio 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.

 

San Antonio Area November Home Sales Outpaced 2016

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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.

San Antonio Home Sales & Prices Continue Moderate Increase in October

San Antonio area home buyers contributed to a five percent jump in total home sales in October, despite less than four months of inventory available, according to the latest Multiple Listing Service Report (MLS) from the San Antonio Board of REALTORS®. Just over 2,500 homes sold during the month while the average days on market dropped four percent to 55 days. October ended with 2,203 home sales still pending.

Home prices were almost evenly split between the low and mid-ranges in October with 47 percent priced under $200,000 and 48 percent priced between $200,000 and $500,000. Homes priced over $500,000 accounted for the remaining five percent of the month’s sales, with 15 of those priced over $1 million.

The San Antonio area continues to be one of the most affordable metro areas in the state with almost half the homes priced under $200,000. In fact, the median price of a home in Bexar County in October was $196,000 while homes in Travis County sold for a median close to $340,000.

In other parts of Texas, housing market figures continued an upward trajectory. Sales in Harris County in October increased 6.3 percent year-over-year with a median price of $215,000 and sales in Dallas County rose 2.8 percent with a median sales price of $230,000. Meanwhile, sales in Travis County increased 1.4 percent with a median price of $339,000.

Back in the San Antonio area, the average sales price remained consistent with 2016 with a price just over $241,000. A total of 3,131 homes were listed in October, and 9,131 listings were active during the month.

With prices remaining stable and new listings continually coming on the market, there is something for both buyers and sellers here. For homebuyers this is a great time to look for a home as there tends to be less competition in the off-season. For sellers, this is a great time to sell as home prices have been steadily increasing and homes have been selling for an average of 97.4 percent of listed price.

Across the state of Texas, a total of 25,277 homes were sold in October, with the average price increasing 3.7 percent to $270,793. The median home price across Texas jumped up five percent to $220,500 while days on market remained low at just 59 days.

SABOR Multiple Listing Service Report: Home Sales Recap 

 SA Home Sales Recap October 2015 October 2016 October 2017
Total Month Sales 2,223 (5% increase) 2,399 (8% increase) 2,507 (5% increase)
Average Price $229,637 (10% increase) $240,373 (5% increase) $241,127 (0% increase)
Median Price $186,900 (6% increase) $203,300 (8% increase) $207,100 (2% increase)

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

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.

San Antonio Home Sales Increase, Inventory Remains Low in August

SABOR 8-17 mkt-stats-graphic

The San Antonio area housing market continues to sizzle with total homes sold in August 2017 rising two percent from last year for a total of 2,984 according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR).

The average price of a home sold in the area was $252,613 while the median was $218,400, both three percent year-over-year increases. “Not only did the total number of sales continue to rise compared to 2016, but August also had the lowest days on market than any other month this year with just 48 days,” said Yvette Allen, SABOR’s 2017 Chairman of the Board. “This is six days less than August of last year and three days fewer than the state’s 51 days on market. Homes can sell fast depending on price and location, so those interested in buying need to be prepared to make a decision quickly.” Days on market was not the only indicator of a continuously tight market. Months of inventory has remained below four months, at 3.6 in August, for nearly two years.

Homes are continuing to come on the market with 3,768 new listings available in August and 9,780 properties active. The month ended with 2,260 sales still pending.

Homes priced between $200,000 and $500,000 remained the dominant price range for buyers in August with this segment accounting for 52 percent of the month’s transactions. Homes priced under $200,000 made up 42.6 percent of the sales in August and 5.3 percent of the homes sold last month were priced over $500,000.

“Interest rates continue to remain low compared to previous years which allows buyers to make their money go further and get more house for their dollars,” said Angela Shields, SABOR’s President and CEO. “The best course of action when you are weighing your options to find the right house and price point for you is to work with a local REALTOR® who can guide you through the process.”

SA Home Sales Recap Aug-15 Aug-16 Aug-17
Total Month Sales  2,561 (5% increase) 2,918 (13% increase)  2,984 (2% increase)
Average Price  $236,259 (7% increase) $245,537 (4% increase)  $252,613 (3% increase)
Median Price  $198,300 (8% increase) $211,900 (7% increase) $218,400 (3% increase)

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

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.

 

 

San Antonio Housing Market Continues to Outpace Previous Years

June 2017 SA housing Infographic

Growing prices paired with low supply have not deterred San Antonio area home buyers who continue to flood the market seeking their dream homes, pushing up the total home sales for the first six months of 2017 to 14,845, a four percent year-over-year increase according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS. To date this year, the average and median sales prices have also both increased, by a moderate five percent to $248,923 and $211,700, respectively.

“Our local market consistently outperforms last year’s, putting the San Antonio area on track for another record-breaking year,” said Yvette Allen, SABOR’s 2017 Chairman of the Board. “Though prices have increased, they are still generally lower than those in other major Texas metros. This affordability combined with so many jobs relocating here as well as our booming tech, medical and military industries help San Antonio maintain its popularity among buyers.”

In June, homes priced below $200,000 made up 41.4 percent of homes sold while homes priced between $200,000 and $500,000 accounted for 52.9 percent of the month’s sales. Homes priced over $500,000 made up 5.8 percent of the market.

The median and average prices experienced five percent year-over-year growth during the June, with the median home price rising to $222,000 and the average price increasing to $257,753. Months of inventory remained low with just 3.8 months available. The month ended with 2,512 sales still pending, a two percent increase from June 2016. Price per square foot rose four percent year-over-year to $115 and 97.9 percent of homes sold for the list price.

“This continues to be a hot market, and homes can sell quickly. For buyers interested in purchasing a home this summer, they can prepare by identifying their must-haves in a home, getting pre-approved and working closely with their REALTOR®,” said Angela Shields, SABOR’s President and CEO.

SA Home Sales Recap June 2015 June 2016 June 2017
Total Month Sales 2,897 (18% increase) 3,053 (5% increase) 3,177 (4% increase)
Average Price $242,011 (5% increase) $246,044 (2% increase) $257,753 (5% increase)
Median Price $201,100 (6% increase) $212,000 (6% increase) $222,000 (5% increase)
  Year-to-Date January-June 2015 January-June 2016 January-June 2017
Total Month Sales 13,212 (12% increase) 14,268 (7% increase) 14,845 (4% increase)
Average Price $230,951 (7% increase) $236,234 (2% increase) $248,923 (5% increase)
Median Price $192,600 (8% increase) $$200,900 (4% increase) $211,700 (5% increase)
*Percentage increases are based on a year-over-year comparison.

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.

San Antonio Area Home Prices Rise as Summer Nears

SABOR-mkt-stats-graphic-0417Increased demand for homes and low inventory in the San Antonio area gave home prices a boost in April. The average sales price of a San Antonio area home in April 2017 was $252,854 and the median sales price was $215,500, both increases of eight percent over last year’s figures, according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS.

Meanwhile, total home sales took a two percent dip and months of inventory inched up to 3.6 months from March’s 3.5 months. “Though home sales experienced a small decrease, we saw 3,783 new listings come on the market last month with 8,845 listings active, the highest all year,” said Yvette Allen, SABOR’s 2017 Chairman of the Board. “This means sellers are taking the opportunity to get their homes on the market as the summer buying season gets closer and gives us a little more inventory to accommodate all the buyers looking for homes.”

In April homes spent just 59 days on the market, consistent with March’s duration and a day less than this time last year. The price per square foot increased $115 which is a seven percent over the average of April last year. The month ended with 2,538 sales still pending.

Half the homes sold in April 2017 were priced between $200,000 and $500,000 while 44 percent were priced under $200,000. Homes priced over $500,000 made up the remaining six percent of sales in April, with 18 of those homes priced over $1 million.

Bexar County reported a total of 1,825 single-family homes sold in April, a 2.5 percent year-over-year decrease. The average price of a home sold in the county was $244,055, a 7.8 percent increase from 2016 while the median was $205,000, a 6.8 percent increase.

In Texas total home sales in April decreased 0.2 percent for a total of 25,990 homes sold. The average price of a home sold in the state was $276,535 and the median was $225,000, both increases from last year.

“Prospective buyers looking to move this summer should prepare by seeking preapproval from a lender, knowing their budget and getting with a REALTOR® to discuss their housing priorities,” said Angela Shields, SABOR’s President and CEO. “They also need to be ready to make a decision quickly.”

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.

San Antonio Home Sales Recap Apr-15 Apr-16 Apr-17
Total Month Sales  2,392 (13% increase)  2,481 (4% increase) 2,427 (2% decrease)
Average Price 2,427 (2% decrease) $234,575 (4% increase) $252,854 (8% increase)
Median Price  $189,900 (7% increase) $199,400 (5% increase) $215,500 (8% increase)

Modest Increase in San Antonio Home Sales February 2017

0217-SABOR-mkt-stats-graphicSan Antonio area home sales picked up in February 2017 with 1,954 sales, a three percent increase over February 2016 according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS.

Both the average and median sales prices of single-family homes remained steady with the average climbing just three percent to $234,040 and the median increasing six percent to $201,500. Meanwhile, February’s housing inventory was just 3.3 months, remaining below the four month mark now for 18 months straight.

“Though prices here have grown, the increases are steady and sustainable unlike many other large cities in the country,” said Michele Bunting Ross, SABOR’s 2017 Chairman of the Board.

In February, nearly 3,000 new homes were listed and the month ended with 2,059 sales still pending. Homes spent an average of 63 days on the market, which is an 11 percent drop from February last year. The price per square foot of a home grew four percent to $110 and 97.6 percent of homes sold for list price.

The majority of homes sold in the San Antonio area continue to be priced under $200,000 with those sales making up 49.5 percent of the month’s market. Homes priced between $200,000 and $500,000 accounted for 46.1 percent of February’s sales and homes priced over $500,000 made up 4.5 percent of the sales. Of the homes sold over $500,000, nine were priced at $1 million or above.

In Bexar County last month, a total of 1,441 single-family homes were sold for an average price of $220,377. Of the homes sold in the county, 1,262 were existing homes while 179 were new construction properties.

Meanwhile, for the whole state of Texas, total home sales remained consistent with the previous year’s figure, reporting 19,313 sales in February. However, the average price in the state increased 11.1 percent to $269,854 while the median rose 10.3 percent to $215,000.

For San Antonio area home buyers and sellers, SABOR’s President and CEO, Angela Shields offered this advice, “The key is to work with a Realtor. For sellers, they need to make sure they are pricing and marketing their home right to get it sold, and for buyers the expertise of an objective professional can help them navigate one of the largest purchases they’ll ever make. Especially in such a tight market, you’ll want someone who knows the ropes to help you through the process.”

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.

 SA Sales Recap Feb-15 Feb-16 Feb-17
Total Month Sales  1,717 (14% increase) 1,890 (10% increase)  1,954 (3% increase)
Average Price $220,202 (8% increase)  $227,812 (4% increase)  $234,040 (3% increase)
Median Price  $187,800 (9% increase) $190,800 (1% increase)  $201,500 (6% increase)
*Percentage increases are based on a year-over-year comparison.

San Antonio Home Sales Finish Strong in August

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After a slight decline in the volume of home sales in July, San Antonio area home sales bounced back strong in August and ended with a 13 percent increase in sales over the same time last year, according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR). Inventory remained below four months for the twelfth consecutive month, causing prices to continue their moderate increases.

The average price of a home in August rose four percent to $246,515 while median edged up seven percent to $211,800. The median has stayed over $200,000 since May.

In August, 46 percent of the homes sold in the San Antonio area were priced under $200,000 while homes priced between $200,000 and $500,000 accounted for 49 percent of the market. Homes priced over $500,000 made up five percent of the sales last month, up 0.5 percent from July.

The San Antonio area also continues to prove its affordability when compared to other markets around Texas. In Bexar County, the median price of a home sold in August was $194,000 while the median sales price in Harris County was $206,000 and the median in Dallas County was $210,000. Meanwhile, nearby in Travis County homes sold for a median price of $332,500.

“Though our prices may increase year-over-year, we still remain well below many of the other metro areas in the state,” said Angela Shields, SABOR’s President and CEO. “We also have so much diversity in our inventory with homes at all different price points. This makes it a prime area for both buyers looking for their new home and sellers wishing to put their house on the market.”

If you would like to learn more about buying or selling a home in the San Antonio real estate market it pays to work with a REALTOR® who knows and understands the area and market. If you are thinking of buying or selling a home in the San Antonio metropolitan area, and would like 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.

aug-mkt-stats-graphic-0816

San Antonio Home Sales Recap Aug-14 Aug-15 Aug-16
Month Total # of Sales 2,427 (2% increase)  2,561 (5% increase)  2,900 (13% increase)
Average Price $222,385 (6% increase) $236,259 (7% increase) $246,515 (4% increase)
Median Price  $182,900 (5% increase) $198,300 (8% increase) $211,800 (7% increase)

San Antonio Area Home Sales Increase in First Quarter 2016

The San Antonio area housing market continues to pick up steam with 5,911 homes sold in the first quarter of 2016. This is a 10 percent year-over-year increase in the number of sales according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS.mkt-stats-graphic-0316sm

The average sales price for the quarter rose three percent to $227,971 while the median sales price increased four percent to $192,900. In just the month of March, sales increased 14 percent for 2,523 homes sold.

“As we head into the spring, it is common for sales to increase. The weather is warmer and people want to beat the summer buying frenzy,” said Bob Jacobs, SABOR’s 2016 Chairman of the Board. “We ended the month with 2,439 sales still pending, more than we had at our peak last year. This increased activity sets us up for a busy spring and summer.”

Since January, home sales across the state increased as well with sales jumping 8.1 percent for a total of 60,778 homes sold with an average sales price of $246,427, a 2.7 percent increase. In Bexar County, sales rose 13.2 percent for 4,596 total sales this quarter. The average price of a home sold in the county was $217,798, a 3.9 percent year-over-year increase.

In the San Antonio and surrounding areas, just over half the homes sold since January were priced under $200,000 with this segment making up 53.56 percent of sales. Homes priced between $200,000 and $500,000 made up 42.12 percent of the homes sold and homes priced over $500,000 accounted for 4.31 percent of the sales this year.

“Our prices continue to be affordable, particularly when compared to other large cities in the state and nation,” said Angela Shields, SABOR’s President and CEO. “We are fortunate to be in an area that offers all the amenities of a big city but with housing available at a broad range of prices. There is something for everyone here.”

If you’d like help finding the home that is right for you or if you need to sell your home before making a move, it pays to work with a REALTOR who knows the San Antonio area market. Contact Trudy Edwards, of Keller Williams Realty, at (210) 595-9801 or TrueSARealEstate@gmail.com to help make your next move.