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