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San Antonio Area Home Sales, Prices Increase as Summer Heats Up

May '18 SABOR stats

The San Antonio area housing market is continuing to outpace last year, as summer gets into full swing. May reported an eight percent increase in home sales over last year for a total of 3,326 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 MLS. Average and median prices both experienced five percent year-over-year growth,
with the average rising to $270,324 and the median increasing to $231,900. Months of inventory remained low with 3.6 months available in May, a slight decrease from the 3.7 months available in May the previous year.

“Prices tend to rise in the summer months as demand increases. People often want to move before the next school year starts making it a popular buying and selling season,” said Lorena Peña, SABOR’s 2018 Chairman of the Board.
“With such high demand and low inventory, it is important to work with your REALTOR® to navigate your options and be ready to make a decision quickly.”

As the home buying season heats up, home sellers are taking advantage of the competitive market to list their homes. In fact, new listings totaled 4,532 in May, an increase of over 300 more than this time last year. Additionally, there were a total of 9,531 active listings on the market in May and the month ended with 2,917 sales still pending.
In the San Antonio area, the majority of homes sold were priced between $200,000 and $500,000, with those sales making up 57.3 percent of the month’s market. Meanwhile, homes priced under $200,000 accounted for 36.6 percent of the sales in May and homes priced over $500,000 made up six percent of the market.

Bexar County reported a total of 2,333 single-family homes sold in May, a 1.9 percent year-over-year increase. The average price of a home sold in the county was $258,352, a 5.1 percent increase from 2017 while the median price increased 5.3 percent to $218,000.

SABOR Multiple Listing Service Report:

San Antonio Home Sales Recap May 2016 May 2017 May 2018
Total Month Sales  2,811 (10% increase)  3,091 (11% increase)  3,326 (8% increase)
Average Price  $245,030 (2% increase)  $256,677 (5% increase)  $270,324 (5% increase)
Median Price  $208,600 (3% increase)  $221,300 (5% increase)  $231,900 (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.

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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.

San Antonio Area Home Sales Continue Year-Over-Year Increases in March

March 2018 SABOR StatisticsSan Antonio area home sales continued their upward trajectory with March boasting a six percent year-over-year increase. According to the Multiple Listing Service (MLS) Report from the San Antonio Board of REALTORS® (SABOR), which reports on all areas contained within the MLS, 2,770 homes were sold in the area, with 2,914 sales still pending at the close of March. Inventory for the area remains low with 3.3 months
available. Additionally, the average home price increased year-over-year by four percent to $254,628 and the median price increased eight percent to $219,600.

“With the tight supply, home buyers need to be ready to make a quick decision,” said Lorena Peña, SABOR’s 2018 Chairman of the Board. “It’s important to note that 97.9 percent of listings sold for list price, so you need to bring a strong offer to the table.”

With the year-over-year increases, buyers continue to find properties to call home. Homes priced $199,000 or March Home Sales Result In Year-Over-Year Increases
less made up 41.9 percent of sales, where homes priced between $200,000 and $499,000 accounted for 52.06 of sales. The remaining home sales – 6.17 percent – were priced at $500,000 and up. March reported 8,669 listings actively on sale and 4,178 new listings.
Bexar County home prices experienced year-over-year increases for March with 2,116 sales, an 8.9 percent increase. The average home price in Bexar County increased 5.6 percent to $243,822 and the median jumped 9.1 percent to $210,000.

Prices may be rising in our area, but the dream of owning a home is more attainable than other major metro areas in the U.S. and in Texas. March’s average home price in Texas increased nearly five percent to $284,952. Texas reported 27,121 total sales in March, a slight 0.5 percent year-over-year decrease, with the median price at $230,500, a 4.8 percent increase. The state, overall, has low inventory, just 3.2 months, so it’s a great time to buy and sell in the San Antonio area.

Sales Recap Mar-16 Mar-17 Mar-18
Total Month Sales 2,503 (14% increase) 2,608 (1% increase) 2,770 (6% increase)
Average Price $229,911 (1% increase) $244,288 (7% increase) $254,628 (4% increase)
Median Price $199,000 (6% increase) $202,800 (1% increase) $219,600 (8% 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.

February Home Sales, Prices Continue Year-Over-Year Increases

Feb-2018-SABOR-StatsSan Antonio area home buyers continued find and buy places to call home in February. The San Antonio Board of REALTORS® reported that February had a three percent year-over-year increase in sales for a total of 2,012 homes sold. Meanwhile, the average and median sales prices each climbed six percent from last year, with a median sales price of $215,100 and an average of $247,307.

The month ended with 2,186 sales still pending, and reported 8,562 listings actively on sale. The majority of homes sold, 51.3 percent, were those priced between $200,000 and $500,000 while 44 percent of sales were homes priced under $200,000. The remaining 4.6 percent of sales were those over $500,000 with nine of those homes priced over $1 million.

“With tight supply and high demand for homes, 97.6 percent of sellers in February were able to sell their homes for list price,” said Lorena Peña, SABOR’s 2018 Chairman of the Board. “But even though the market is favorable to sellers right now with just 3.3 months of inventory available, we still continue to see a steady flow of houses come on the market which is good news for buyers.” In fact, 3,122 new listings came on the market in February, nearly five percent more than last February.

Home sales in Bexar County remained even with February 2017 for a total of 1,451 homes sold. However, prices reported modest growth with the average increasing 7.4 percent to $236,447 and the median rising 3.1 percent to $200,000. Months of inventory in Bexar county remained low with just 2.8 months available. “

Though prices here have steadily risen, the increases are more moderate and sustainable than many other large cities in the country,” said Gilbert Gonzalez, SABOR’s Interim CEO. “With people continually moving into the city for jobs, including our military and medical personnel, there is always a market for both buyers and sellers at many different price points.”

SABOR Multiple Listing Service Report:

Sales Recap Feb-16 Feb-17 Feb-18
Total Month Sales  1,890 (10% increase) 1,949 (3% increase) 2,012 (3% increase)
Average Price $227,812 (4% increase) $232,303 (3% increase) $247,307 (6% increase)
Median Price $190,800 (1% increase) $202,700 (6% increase) $215,100 (6% 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 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

SABORmkt-stats-graphic-1117

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 Taper in September Amid Tight Inventory

0917-SABOR-mkt-stats

The San Antonio summer home buying frenzy relaxed slightly in September as the school year began and the weather started to cool. Sales during the month numbered 2,587, a one percent decrease from this time last year, according to the Multiple Listing Service Report (MLS) from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS. Despite the slight decline, median and average prices experienced moderate increases with the median rising five percent to $213,500 and the average increasing two percent to $247,058. The month ended with 2,152 sales still pending, 136 more homes than September of 2016.

“It is not unusual for sales to taper off once the summer season winds down. Kids are returning to school so families want to remain in one place, and many buyers and sellers like to be settled for the coming holiday season as well,” said Yvette Allen, SABOR’s 2017 Chairman of the Board. “This has still been a busy year for real estate in the San Antonio area. In fact, since January, a total of 23,414 homes have been sold, which is three percent more than this time period last year.”

Homes priced between $200,000 and $500,000 made up 50.3 percent of the homes sold in September and homes priced under $200,000 made up 45 percent of the month’s sales. Homes priced over $500,000 accounted for 4.8 percent of September’s sales, with 12 of those priced over $1 million.

Meanwhile, days on market plummeted seven percent from the previous year to just 52 days in September and months of inventory also remained low with 3.8 months available.

“In San Antonio, months of inventory have remained below four months for about two years making it a tight market that favors sellers,” said Gilbert Gonzalez, SABOR’s interim CEO. “This means that those looking to buy need to be ready to act fast. Know your budget and priorities, and work with an experienced REALTOR® who can help you navigate the process.”

In Texas, total home sales rose just 0.4 percent year-over-year for a total of 26,666 homes sold across the state. The average price increased 4.8 percent to $273,383 and the median rose 7.1 percent to $225,000. Months of inventory in the state measured just 3.9 months available.

SABOR Multiple Listing Service Report: Home Sales Recap

September 2015 September 2016 September 2017
Total Month Sales 2,384 (7% increase) 2,618 (9% increase) 2,587 (1% decrease)
Average Price $232,660 (6% increase) $241,757 (4% increase) $247,058 (2% increase)
Median Price $191,700 (4% increase) $203,700 (6% increase) $213,500 (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 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.