A San Antonio Market Snapshot

    Here’s a quick snapshot of the San Antonio market. The numbers from last year are up across the board.

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    As we head deeper into fall, the summer buying frenzy has cooled off just like the temperatures have. At just 2,580 sales in the last month, total sales are down a bit, but we are seeing plenty of positive signs.

    Both the median and average sale prices have increased in the last year. The median price is up 5%, while the average price is up 2%. Overall, we’ve seen an increase in pricing of about 15% over the last three years.

    As far as the average days on market are concerned, we’ve seen that number decrease by 7% to 52 days. Monthly inventory has continued to remain low at 3.8%.

    The core of our market is in the $200,000 to $500,000 range. Those homes are in a seller’s market. Only 5% of homes are above the $500,000 price point, which is a buyer’s market.

    If you have any questions about any of these numbers or what the numbers look like in your specific neighborhood, give me a call or send me an email. I look forward to hearing from you.

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