Over the past year, 30,715 single-family homes were sold in San Antonio, an increase of four percent year-over-year. The price of homes sold averaged $250,251, an increase of four percent, while the median price rose to $214,300, a five-percent increase.
Though 2017 did see an increase in home sales across the board, there was a slow down compared to past years. For example, in 2015, home sales saw a nine-percent increase in home sales while 2016 continued the trend with eight-percent growth.
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 the slow down, San Antonio's numbers are on par with the statewide average. In 2017, Texas saw a 3.9 percent increase year-over-year for total number of homes sold (313,274) and the median price rise to $225,000, a 6.1 percent increase.
See the full report from San Antonio Board of REALTORS®