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Home Sales Up 6 Percent This Year As Prices Continue To Climb Across San Antonio

Wednesday, August 16th, 2017 at 8:42am Engel & Völkers San Antonio

Home sales in the San Antonio area continued their steady year-over-year growth with a total of 2,981 homes sold in July, a six percent increase from the same time last year according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS. Just over half the homes sold last month were priced in the mid-range between $200,000 and $500,000 while homes priced under $200,000 made up nearly 43 percent of the homes sold. Homes priced over $500,000 accounted for 5.4 percent of the month’s sales, 31 more homes than this time last year. 

As the median priced homes continue to sell at a fast clip it shows that as prices have begun to rise across San Antonio, demand among buyers hasn't gone down.  This is a good sign for both buyers and sellers that home values are gaining across the region and people can afford to purchase these homes.

The average sales price of a home in July was $257,540, a moderate four percent increase from last year while the median inched up three percent year-over-year to $218,800. The price per square foot of a home rose five percent to $117 and days on market plummeted 11 percent to just 49 days. Months of inventory increased 0.1 months from June to 3.9 months in July. 

Meanwhile, home prices around the state continued to climb as well. In nearby Travis County, the median price of a home rose 7.4 percent to     $359,865 with just 3.2 months of inventory available; Harris County reported a median price of $215,000 with 4.1 months of inventory; and the median price of a home sold in Dallas County was $235,000 with just 2.4 months of inventory available. For comparison, the median price in Bexar County in July was $207,200 with 3.4 months of inventory.

 

Info courtesy of San Antonio Board of Realtors

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