Category Archives: Sales Statistics
San Antonio Home Sales Numbers Surged Again in February
Following an 11% increase in home sales in January, San Antonio home sales activity continued to strengthen in February
The number of single family homes sold in the San Antonio area in February was up 14%, compared to February 2023 with 2,697 homes sold, as reported by the San Antonio Board of REALTORS (SABOR) Multiple Listing Service Report.
Average and Median Home Prices – Despite the increase in the number of homes sold, the average price of homes sold in the San Antonio was 3% lower than February 2023. The average price of a home sold in the San Antonio area in February was $348,961. The median price homes sold for in February was $295,000, a 3% decrease compared to one year ago.
Average sold price per square foot in February was $173, which was 1%, lower than the average price per square foot in February 2023. Broken down between existing homes and new construction, existing homes sold for an average of $174 per square foot and new construction homes sold for an average of $170 per square foot in February.
Days on Market – Single family homes in the San Antonio area stayed on the market for an average of 80 days in February which was 11% eleven percent longer than in February 2023.
List Price to Sales Price Ratio – On average, homes sold for 93.1% of their original list price in February. This is up slightly from the average of 92.6% of their original list price that homes sold for in January.
Condominium and Townhomes – The number of Condominium and townhomes sold in February was 33% lower than one year ago with a total of 35 units sold. The average sold price of condos and townhomes, at $273,634 was 12% twelve percent higher than in February 2023.. Condominiums and townhomes stayed on the market for an average of 57 days in February, which was 8% eight percent less time than condos stayed on the market in February 2023.
Housing Inventory – At the end of February, there were approximately 4.3 months of inventory available for sale in the San Antonio area, so we are moving to a more balanced market. In February there were 4,011 new listings and of those, 2881 were resale homes and 1,130 were new construction. There were a total amount 11,974 homes on the market. The total number of new construction home listings at 4,120 was 6% higher than in February 2023.
New Home Sales Data – One of the most interesting trends over the past year is the increase in new home sales. The number of new construction homes sold in February was 39% higher year over year. The San Antonio new construction market has risen to meet the needs of homebuyers by increasing inventory, building more homes in the price ranges that buyers are looking for and by offering pricing and financing promotions that have helped home buyers to get into homes.
In the San Antonio area we are fortunate to have a wide range of new construction homes available and currently many home builders are offering promotional pricing, closing costs assistance and interest rate buy downs to help home buyers to get into a home. If you would like to learn more about new construction homes, you can easily search for available and to be built new construction homes and communities at https://www.showingnew.com/trudyedwards.
If you are home buyer, looking to get into a new home, but have concerns about interest rates and home affordability, here are a few things to consider. there are still lots of options available to help you get into a home such as low down payment mortgage programs, builder promotions, down payment assistance programs and creative financing strategies available to help home buyers get into a home with a more affordable monthly payment.
If you would like to learn more about down payment assistance programs and available options, contact your trusted mortgage lender or reach out to me for more information and recommendations for local lenders that can help match you to the best lending options for you.
Even if you are not quite ready to buy right now, if it’s your goal to buy a home this year, you can take steps to buying your first home and building generational wealth, by setting your goals, making a plan, taking steps to manage your finances, improving your credit and staying informed so that you’ll be ready to move forward when the opportunity arises.
If you want to make a move but have a home to sell before you can buy your next home, I have lots of options to help you sell your home with less stress and more money in your pocket!
A lot of homeowners today are sitting on tremendous home equity. But some homeowners have not been able to access that equity to make needed home repairs. Perhaps you have been putting off selling your home because you haven’t been able to make the repairs or cosmetic updates that would make your home desirable to the biggest pool of buyers. I can help you with that! Contact me today for a no obligation home seller consultation and we can review your options, including making home improvements with no upfront costs, payment at closing.
Whether you are thinking of buying a new construction home, buying your first home, or selling your your current home, it pays to work with a trusted real estate professional with local market insights. If you are ready to make your next move in the San Antonio area, reach out today for a no obligation home buyer or seller consultation with Trudy Edwards, REALTOR with Keller Williams Heritage.
Browse San Antonio area new construction homes and floorplans at ShowingNew.com/TrudyEdwards
** Percentage increases are based on a year-over-year comparison of February 2024 in comparison with February 2023. San Antonio market data provided by San Antonio Board of REALTORs
New Homes Continued to Boost San Antonio Market in December
Here is my latest San Antonio area real estate market update with the local real estate news you need to know, including the December 2023 year end real estate sales data and trends for the year ahead.
San Antonio homes sales were in December were down 3%, compared to December 2022 with 2,410 homes sold, as reported by the latest San Antonio Board of REALTORS (SABOR) Multiple Listing Service Report. However, breaking that down further, SABOR reported that while sales of resale homes were down by 10% year over year in December, sales of new construction homes were actually up by 29% when compared to December 2022.
Average and Median Home Prices – Despite the decrease in the number of homes sold in December, the average and median prices of homes sold in the San Antonio area were effectively unchanged year over year. The average price of a home sold in the San Antonio area in December was $373,797. The median price homes sold for in December was $319,113.
Average sold price per square foot in December was $177, which was unchanged from the average price per square foot in December 2022.
Days on Market – Single family homes in the San Antonio area stayed on the market for an average of 73 days in December, which was 20% twenty percent longer than in December 2022.
List Price to Sales Price Ratio – On average, homes sold for 92.7% ninety two point seven percent of their original list price in December.
Condominium and Townhomes – The number of Condominium and townhomes sold in December was unchanged from one year ago with 41 units sold. The average sold price of condos and townhomes, at $251,314 was 24% twenty four percent lower than in December 2022. Condominiums and townhomes stayed on the market for an average of 63 days in December, which was 40% longer than condos stayed on the market in December 2022.
Housing Inventory – At the end of December, there were approximately 4.3 months of inventory available for sale in the San Antonio area, so we are moving to a more balanced market. In December there were 2,771 new listings and of those, 1692 were resale homes and 1079 were new construction. The amount of new construction home listings was 55% higher than in December 2022.
New Construction Home Sales – One of the most interesting trends over the past year is the increase in new home sales. At the end of December 2023 the number of resale homes that sold in the San Antonio area for the whole year of 2023 was 23% lower than in 2022. However, at the end of 2023, the number of new construction homes sold was 39% higher year over year. The San Antonio new construction market has risen to meet the needs of homebuyers by increasing inventory, building more homes in the price ranges that buyers are looking for and by offering pricing and financing promotions that have helped home buyers to get into homes.
Interest Rates – In October 2023, the average rate for a 30-year fixed mortgage rate peaked at 7.79%. In January, that dipped to around 6.6% which was the lowest level since May of 2023. That downward trend in rates has made moving more affordable now than it was just a few months ago.
“Given this stabilization in rates, potential homebuyers with affordability concerns have jumped off the fence back into the market.”
Sam Khater, Chief Economist at Freddie Mac:
Experts are predicting that interest rates will continue gradually decreasing over the next few months. Dean Baker, Senior Economist, Center for Economic Research, recently remarked “It also appears that mortgage rates are now falling again. They will almost certainly not fall to pandemic lows, although we may soon see rates under 6.0 percent, which would be low by pre-Great Recession standards.”
If you are a home buyer contemplating a move but have concerns about high interest rates and home affordability, here are a few things to consider.
Experts are predicting that interest rates will continue gradually decreasing over the next few months. Dean Baker, Senior Economist, Center for Economic Research, recently remarked “It also appears that mortgage rates are now falling again. They will almost certainly not fall to pandemic lows, although we may soon see rates under 6.0 percent”
If you are home buyer, looking to get into a new home, there are still lots of options to help you reach that goal, including mortgage programs, builder promotions, down payment assistance programs and creative financing strategies available to help home buyers get into a home with a more affordable monthly payment. If you would like to learn more about down payment assistance programs and available options, contact your trusted mortgage lender or reach out to me for more information and recommendations for local lenders that can help match you to the best lending options for you.
One area of opportunity for home buyers right now is with new construction home as we are fortunate to have a wide range of new construction homes available rhroughout the San Antonio area and currently many home builders are offering promotional pricing, closing cost assistance and interest rate buy downs to help home buyers to get into a home. If you would like to learn more about new construction homes, you can easily search for available and to be built new construction homes and communities at https://www.showingnew.com/trudyedwards.
Even if you are not quite ready to buy right now, if it’s your goal to buy a home this year, you can take steps to buying your first home and building generational wealth, by setting your goals, making a plan, taking steps to manage your finances, improving your credit and staying informed so that you’ll be ready to move forward when the opportunity arises.
If it’s your goal to make a move in the San Antonio area and you’d like to talk more about the steps to help you reach that goal, reach out today for a no obligation home buyer or seller consultation with Trudy Edwards, REALTOR with Keller Williams Heritage.
San Antonio Area Real Estate Home Sales Saw Double Digit Gains in April 2021
San Antonio home sales saw strong home buyer demand in April with 3,483 single family homes sold, a twenty 27% increase in the number of homes sold over April 2020, as reported by the San Antonio Board of REALTORS Multiple Listing Service Report.
The average price of a home sold in the San Antonio area increased to $333,671, a 22% increase over April 2020. The median price homes sold for increased to $277,000, a 15% increase over the April 2020 median price.
Average sold price per square foot was $154, which is 19% higher than in April 2020.
Condominium and townhome sales almost doubled in April, with 91 units sold, 78% higher than the 51 units sold in April 2020. The average price of condos and townhomes saw a 27% increase over April 2020 to $202,518.
The month of April ended with 4,333 listings on the market including 4,092 new listings. The month ended with 3,374 sales pending.
In April single family homes stayed on the market for an average of only 36 days compared to an average of 61 days in April 2020, so homes sold 41% faster than one year ago. Homes that are ready to move in to, attractively presented and priced right are moving quickly in this market.
We are in a strong seller’s market in San Antonio right now with only 1.2 months of inventory available in April, down slightly from the 1.3 months that was available in March.
With this severe shortage of inventory, strong home prices and possibly the best Sellers’ Market we have seen for over a decade, why are many potential home sellers, still hesitant to put their homes on the market?
Some people may be holding off listing their home for sale due to concern that we may in a housing bubble. Laurence Yun, Chief Economist at National Association of REALTORS firmly asserts that “
This is not a bubble, it’s a lack of supply.”
Laurence Yun, Chief Economist at National Association of REALTORS
Others may be wondering where they will move to next and wondering how to buy their next home while selling their current home. If you have been thinking of selling your San Antonio home but are wondering how to sell and buy your next home in this market, I have several solutions that you may be interested in, including a new program in the San Antonio area which allows you to move up to your next home, before selling your current home!
Part of the reason for continued strong home buyer demand is that we have seen record low interest rates this year with rates below three percent 3% for a 30-year mortgage loan. Freddie Mac, The Federal Home Loan Mortgage Corporation, projects that interest rates on a 30-year mortgage will remain at or close to three percent, throughout 2021.
While demand for single family homes is strong, rural residential lots and acreage have continued to see increased interest and sales since the start of the COVID-19 pandemic. April 2021 saw a 151% increase in the number of lots and acreage properties sold compared to April 2020, with 524 lots sold. The average price of lots increased by 67% compared to one year ago. Lots and acreage spent an average of 143 days on the market in April 2020, which is 33% less than the average of 214 days in April 2020.
Rural Farms and Ranches continued to see increased sales activity with 58 farms and ranches sold in April which is 123% more sales compared to the 26 that sold in April twenty twenty 2020. The average price of rural farm and ranch properties that sold was $1,076,673 which was 138% higher than the average price of farm and ranch properties that sold in April 2020.
If you are looking to sell a home or buy a home in the San Antonio area, or have questions about the current real estate market please contact Trudy Edwards, REALTOR with Trues SA Real Estate Team – KELLER WILLIAMS Heritage.
*Increases represent year-over-year comparison as reported by the San Antonio Board of REALTORs.
San Antonio Housing Market Weathers February Snow Storm
March 2021 San Antonio area real estate market update with the February real estate sales data and trends
Market Conditions – This February was definitely not typical for the San Antonio housing market, as all of Texas was hit by winter storm Uri which meant a week of snow and freezing weather which basically shut down business for a week. Winter Storm Uri brought a week of snow and freezing temperatures to the San Antonio area but despite those challenges the number of home sales still managed to stay one percent (1%) higher than February 2020, with 2,413 homes sold, as reported by the San Antonio Board of REALTORS Multiple Listing Service Report.
Average and Median Home Prices – However, the winter storm had little to no impact on home values as those continued with steady increases. The average price of a home sold in the San Antonio area in February was $314,810, a fifteen percent (15%) increase over February 2020. The median price homes sold increased to $264,100, eleven percent (11%) higher than one year ago.
Average sold price per square foot was $148 per square foot, which is fifteen percent (15%) higher compared to February 2020.
Condominium and Townhomes – Condominium and townhome sales picked up in pace in February, with 68 units sold, 13 percent (13%) higher than the 60 units sold in February 2020. The average price of condos and townhomes increased dramatically with a one hundred five percent (105%) increase over February 2020 to $311,728.
Inventory and Days on Market – The month of February ended with 4,518 listings on the market including 2,626 new listings. The month ended with 2,560 sales pending.
The average number of days that single family homes stayed on the market in February was only 51 days compared to an average of 74 days in February 2020, so homes sold thirty one percent (31%) faster than one year ago. Homes that are ready to move in to, attractively presented and priced right are moving quickly in this market.
We are in a strong seller’s market in San Antonio right now with only 1.4 months of inventory available in February, down slightly from the 1.5 months that was available in January.
Odeta Kushi from First American recently remarked that “The lack of existing homes available for sale remains the only drag to housing market potential. Many homeowners may want to upgrade, but do not for fear that they be unable to find a home to buy, preventing more supply from reaching the market and exacerbating the lack of inventory. As a result, everyone ‘stays put’ and the supply of homes for sale dwindles even further.”
If you have been thinking of selling your San Antonio home but are wondering how to sell and buy your next home in this market, I have several solutions that you may be interested in, including a new program in the San Antonio area which allows you to move up to your next home, before selling your current home!
Part of the reason for continued strong home buyer demand is that we have seen record low interest rates this year with rates still close to three percent 3% for a 30-year mortgage loan. Freddie Mac, The Federal Home Loan Mortgage Corporation, projects that interest rates on a 30-year mortgage will remain at or close to three percent, throughout 2021.
Residential Lots & Acreage – While demand for single family homes is strong, rural residential lots and acreage have continued to see increased interest and sales since the start of the COVID-19 pandemic. February 2021 saw a twenty one percent (21%) increase in the number of lots and acreage properties sold compared to 2020, with 337 lots sold. The average price of lots increased by seventy four percent (74%) compared to one year ago. Lots and acreage spent an average of 161 days on the market in February 2020, which is ten percent (10%) longer than the average of 147 days in February twenty 2020.
Rural Farms and Ranches – Rural Farms and Ranches continued to see increased sales activity with 37 farms and ranches sold in February which is fifty four percent (54%) more sales compared to the 24 that sold in February 2020. The average price of rural farm and ranch properties that sold was $783,562 which was five percent (5%) lower than the average price of farm and ranch properties that sold in February 2020.
Selling & Buying Safely in today’s market – COVID-19 has impacted the real estate industry and influenced the way we conduct business today. At True SA Real Estate Team, Keller Williams Heritage we are committed to helping our clients and customers stay safe throughout the home buying and selling process and are following the CDC guidelines and State and local mandates. We are also leveraging technology such as virtual tours, 3D tours, video tours and virtual open houses to allow home buyers to see homes for sale from the comfort of their homes.
If you are thinking of buying or selling a home in the San Antonio metropolitan area, and want to learn more about to safely buy or sell home at this time and 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.
*Percentage increases are based on a year-over-year comparison. Data sources San Antonio Board of REALTORS.
San Antonio Home Sales Continued Strong Upward Trend in December 2020
Existing home sales continued at an exceptional pace in December with 3,519 homes sold, a 24% increase in the amount of homes sold compared to December 2019 as reported by the San Antonio Board of REALTORS Multiple Listing Service Report.
San Antonio Home values continued their upward trend in December with the average price of a home sold in the San Antonio area increasing to $320, 581, a 17% increase over December 2019. The median price of a sold home increased to dollars $266,100, 12% higher than one year ago.
Average sold price per square foot increased to $146 dollars per square foot dollars, a 15% increase compared to December 2019.
Condominium and townhome sales also continued at a strong pace in December, with a 19% increase in the number of units sold and a 52% increase in average sales price compared to December 2019. Condos and townhomes sold for an average of $313,375 in December compared to $205,596 in December 2019.
At the end of December there were 5,504 listings on the market including 2,629 new listings. The month ended with 2,520 sales pending.
The average days that single family homes stayed on the market in December was only 48 days compared to an average of 68 days in December 2019, so homes sold 29% faster than one year ago. Homes that are ready to move in to, attractively presented and priced right are moving quickly in this market.
“The housing market has remained a strong pillar in an otherwise tumultuous economic year. A sharp rise in demand spurred by record low interest rates continues to bolster homeowner equity, and with many people now spending more time than ever before at home, some homeowners have tapped into their strength in the equity to fund renovations.”
Frank Martell, CEO of CoreLogic https://www.corelogic.com/insights-download/homeowner-equity-report.aspx
We are in a strong seller’s market in San Antonio right now with only 1.7 months of inventory available in December, down slightly from 2 months in November.
If you have been thinking of selling your home but have renovations that need to be done prior to listing your home for sale, a new program available in the San Antonio area, may be the key to unlocking your home’s equity to fix up and sell your home for top dollar, while also allowing you to move up to your next home, before selling your current home! Contact me today to learn more about this new program.
Part of the reason for continued strong home buyer demand is that we have seen record low interest rates this year with rates below three percent 3% for a 30-year mortgage loan. Freddie Mac, The Federal Home Loan Mortgage Corporation, projects that interest rates on a 30-year mortgage will remain at or close to three percent, throughout 2021.
While demand for single family homes is strong, rural residential lots and acreage have continued to see increased interest and sales since the start of the COVID-19 pandemic. December 2020 saw a forty five percent (45%) increase in the number of lots and acreage properties sold compared to December 2019, with 353 lots sold. The average price of lots increased by fifty percent (50%) compared to one year ago. Lots and acreage spent an average of 162 days on the market in December compared to 159 days in December 2019.
Rural Farms and Ranches continued to see increased sales activity with 61 farms and ranches sold in December which is 11% more sales compared to the 55 that sold in December 2019. The average price of rural farm and ranch properties that sold was $1,000,656 which was a forty five percent (45%) increase over the average price of farm and ranch properties that sold in December 2019.
If you are thinking of buying or selling a home, in the San Antonio metropolitan area and want to learn more about to safely buy or sell home at this time and 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.
2019 Home Sales Surpass Previous Years
Home sales figures in the San Antonio area continued to increase steadily throughout the year, with 2019 ending in a total of 34,430 homes sold, a seven percent year-over-year increase when compared to 2018, 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 overall average and median sales prices for a home in the area in 2019 increased four percent, with the average rising to $270,275 and the median inching up to $233,800.
Our numbers have continually maintained a steady rise throughout 2019 so seeing another record-breaking year of sales for our city is no surprise. San Antonio continues to be a top destination for both buyers and sellers, and it’s exciting to see such tremendous growth in people achieving their dreams of home ownership.
Not only did the year as a whole boom, nearly every month except one (June) this year reported a year-over-year increase in total sales. Meanwhile inventory continued to favor sellers with months of inventory remaining below four months all year, reaching its lowest in December with just 3.3 months available. At its lowest, days on market fell to 51 days in September while on the high end February reported 69 days on the market.
Homes priced between $200,000 and $500,000 made up 59.5 percent of the sales in 2019, a seven percent increase from last year. Meanwhile homes priced under $200,000 accounted for 34.2 percent of the year’s market and homes priced over $500,000 accounted for 6.3 percent of the year’s sales.
These numbers as well as other housing trends were highlighted during the San Antonio Board of REALTORS® 2020 Housing Forecast on January 14, 2020 at the JW Marriott to an audience of over 1,000 REALTOR® and Affiliate members. The event delved into local market conditions and industry trends as well as the positive outlook on the 2020 real estate market. Speakers included Dr. Jim Gaines, Chief Economist at the Texas A&M Real Estate Center; Dr. John Baen, Professor of Real Estate at the University of North Texas; and Molly Cox, President and CEO of SA2020.
“2019 was another standout year for home sales in the San Antonio area, and this event provided us the opportunity to review our market performance as well as share important data with our members on what to expect in the coming year,” said Gilbert S. Gonzalez, CEO for the San Antonio Board of REALTORS®.
SABOR Multiple Listing Service Report: Home Sales Recap
| Jan. – Dec. 2017 | Jan. – Dec. 2018 | Jan. – Dec. 2019 | |
| Total Year Sales | 30,715 (4% increase) | 32,214 (4% increase) | 34,430 (7% increase) |
| Average Price | $250,251 (4% increase) | $259,449 (4% increase) | $270,275 (4% increase) |
| Median Price | $214,300 (5% increase) | $225,500 (5% increase) | $233,800 (4% increase) |
*Percentage increases are based on a year-over-year comparison.
San Antonio Area Home Sales Continue Steadily as Summer Ends
San Antonio area home sales continued to outshine the same month last year with August 2019 ending with a total of 3,440 total sales, a seven 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.
Both the average and median sales prices rose steadily, with the average home price increasing four percent to $277,114 and the median home price inching up three percent to $238,400. August reported just 3.7 months of inventory available and the month ended with 2,688 sales still pending.
“It’s no surprise to see our sales continue to increase each year, with more and more people relocating here every day for work, school, military service and other interests,” said Grant Lopez, SABOR’s 2019 Chairman of the Board. “It’s clear that such a booming real estate market is directly related to the expansive growth happening in our city.”
When breaking down the market, over half the homes sold in August were priced between $200,000 and $500,000 with those homes making up 62.4 percent of the month’s sales. Homes priced under $200,000 still made up a large chunk of the month’s market with those accounting for 31.3 percent of August’s sales. Homes priced over $500,000 made up the remaining 6.3 percent of the homes sold last month. Additionally, August had 4,205 new homes listed on the market and reported 10,303 homes actively for sale, both increases from this same time last year.
Around the state, Bexar County continues to be the most affordable of the big metro areas. While Bexar County reported an average sales price of $262,976 in August, nearby Travis County had an average sales price of $486,131, Dallas County reported an average of $353,710, and Harris County reported an average of $324,753. In Texas as a whole, a total of 33,608 homes were sold, a 4.7 percent year-over-year increase. The average price for a home sold in Texas was $299,171, a 2.6 percent increase, and the median price was $247,000, a 3.6 percent increase. The state reported just 3.9 months of inventory available.
SABOR Multiple Listing Service Report:
| SA Sales Recap | Aug-17 | Aug-18 | Aug-19 |
| Month Sales | 2,957 (2% increase) | 3,201 (9% increase) | 3,440 (7% increase) |
| Average Price | $251,168 (3% increase) | $266,134 (7% increase) | $277,114 (4% increase) |
| Median Price | $218,900 (3% increase) | $230,900 (6% increase) | $238,400 (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 Area Home Sales Sizzled in July
San Antonio area home sales continued to sizzle in July with the sales volume increasing six percent year-over-year for a total of 3,397 homes sold according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the San Antonio MLS. The average sales price also rose six percent to $277,242 while the median price of homes sold increased by four percent to $239,500.
The average number of days a home spent on the market in July was 52, two more days than this month last year. July reported just 3.9 months of inventory available.
“We always expect the summer months to show an increase in sales figures, and this year is no different,” said Grant Lopez, SABOR’s 2019 Chairman of the Board. “Though the average price has increased, it is still well below the average for the state and for other major metro areas in Texas, which is great news for buyers in the San Antonio area.”
July had nearly 11,000 active listings in the San Antonio metropolitan area, with the month ending with 2,865 sales still pending. Of the homes sold in July, 32.3 percent were priced under $200,000 while those priced between $200,000 and $500,000 made up 61.1 percent of the month’s sales. Homes priced over $500,000 accounted for the remaining 6.6 percent of July’s home sales.
SABOR Multiple Listing Service Report: Home Sales Recap*
| SA Sales Recap | Jul-17 | Jul-18 | Jul-19 |
| Month Sales | 2,950 (6% increase) | 3,214 (11% increase) | 3,397 (6% increase) |
| Average Price | $256,042 (4% increase) | $261,749 (2% increase) | $277,242 (6% increase) |
| Median Price | $218,600 (3% increase) | $230,200 (5% increase) | $239,500 (4% 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 Sales Increase as Summer Approaches
San Antonio area home buyers started their summer shopping in May, causing total sales volume to jump by 10 percent to 3,608 homes sold during the month, 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 average home sales price saw an increase of just two percent year-over-year for a price of $274,238 and the median inched up just three percent from last year for a price of $238,800. Housing inventory continued to remain low with only 3.8 months available, demonstrating once again that the San Antonio area continues to favor sellers.
“The low inventory means increased demand so for those looking to move, this is a good time to think about putting your house on the market,” said Grant Lopez, SABOR’s 2019 Chairman of the Board. “But that doesn’t mean buyers are out of luck. Even though inventory is tight, there are still thousands of properties on the market, with May
reporting over 10,000 active listings available.”
In fact, May 2019 reported nearly a thousand more homes on the market than the same month last year. This May also reported an increase in the number of homes sold in the mid-range (those priced between $200,000 and $500,000), with those sales accounting for 62.3 percent of the homes sold. Meanwhile, homes priced under $200,000 made up another large portion of the market – 31.5 percent – and homes priced over $500,000 accounted for 6.2 percent of sales.
In just Bexar County, a total of 2,422 homes were sold in May, reporting a median sales price of $224,900 and an average of $257,812. For comparison, in Travis County, the average sales price of a home was $525,835. In Harris County the average price of a home sold was $339,685 and in Dallas County, that price was $398,286.
“San Antonio has continued to be an attractive place for businesses and families to relocate to due to our affordability and quality of life,” said Gilbert S. Gonzalez, SABOR’s President and CEO. “Fortunately, there are still homes available at all price points, meaning buyers have options when looking for the property that is right for them.”
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 | May-17 | May-18 | May-19 |
| Month Sales | 3,091 (11% increase) | 3,290 (8% increase) | 3,608 (10% increase) |
| Average Price | $256,677 (5% increase) | $269,410 (5% increase) | $274,238 (2% increase) |
| Median Price | $221,300 (5% increase) | $231,600 (5% increase) | $238,800 (3% increase) |
*Percentage increases are based on a year-over-year comparison.
San Antonio Home Sales Continue Steady Climb in April
The latest Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) reported that the number of home sales in the San Antonio area increased by six (6) percent in April compared to this month last year, with the month ending with a total of 3,003 sales. Average sales price and median sales price each increased four percent, 4% year-over-year, with the average price rising to $267,071 and the median reaching $230,700. The month ended with 3,182 sales still pending (301 more than at the end of April 2018). The months of housing inventory continued its streak of remaining below four (4) months, with April reporting just 3.7 months available.
In April, the majority of homes sold in the San Antonio area were those priced between $200,000 and $500,000 with this segment making up 58.2 percent of the market. An additional 35.7 percent of the homes sold were those priced under $200,000 and the remaining 6.1 percent of homes sold were those priced over $500,000, with 18 of those priced over $1 million. Homes on average spent just 62 days on the market, four more than this time last year.
“While inventory has remained low, it is clear more and more people are still finding homes that meet their needs which has caused this increase in home sales,” said Grant Lopez, SABOR’s 2019 Chairman of the Board. “Prices will likely continue to grow as demand increases this summer, but the good news is these prices are still more affordable than other metro areas in the state.”
In fact, in nearby Travis County, the average price of a home sold in April was $483,914 while the average price of a home sold in Comal County was $341,040. For comparison, the average price of a home sold in Bexar County was just $256,669.
A total of 2,185 homes were sold in Bexar County during April, a 5.6 percent increase year-over-year, with the median rising 5.3 percent to an even $200,000. In Texas, total home sales increased 6.8 percent for a total of 29,950 homes sold. The average price of a home sold in the state was $298,657, a 4.6 percent year-over-year increase, and the median was $242,950, a 4.3 percent increase. The month reported just 3.6 months of inventory available.
“With the summer buying season on the horizon, our advice to those interested in buying or selling during this busy time is to know your priorities, and meet with a REALTOR® now so you can be ready to make a move quickly,” said Gilbert S. Gonzalez, SABOR’s President and CEO.
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 | Apr-17 | Apr-18 | Apr-19 |
| Month Sales | 2,443 (2% decrease) | 2,823 (17% increase) | 3,003 (6% increase) |
| Average Price | $251,738 (8% increase) | $255,987 (2% increase) | $267,071 (4%) |
| Median Price | $215,400 (8% increase) | $222,500 (3% increase) | $230,700 (4% increase) |
*Percentage increases are based on a year-over-year comparison.
San Antonio Real Estate info 