What’s Happening in San Antonio’s Real Estate Market

Wondering what’s happening in the San Antonio real estate market? Here are the stats:

  • 2400 homes sold in San Antonio in October.  That’s UP over 8% from last year at this time.
  • The average price of homes sold in the area was $240,919, with a price per square foot of $111, UP 5% from last October.
  • Houses spent an average of 57 days on the market, and inventory remained low with just 3.5 months available.
  • Homes priced under $200,000  made up 49% of the market’s sales, while homes priced between $200,000 and $500,000 accounted for 46% of the month’s sales.  Homes priced over $500,000 made up the remaining 5% of sales.  All consistent with previous months.

So what does this mean for those looking to make a move now? According to SABOR President and CEO Angela Shields, this is the perfect time to be buying or selling a home in San Antonio. “For buyers, there tends to be less competition in the off-season and they can see how the home functions in the colder weather. For sellers, homes are selling for 97.5 percent of list price.”

October 2016

Posted on November 29, 2016 at 7:32 pm
Judy Dunlap | Category: Real Estate | Tagged ,

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