Market Report for May 2012 in San Antonio, TX
The local real estate market in San Antonio, TX appears to be heading for a sizzling hot summer, since the median home price rose 3.4 % in May compared to the same month last year. Even the number of homes sales is on the rise according to the most recent data from the local San Antonio Board of Realtors.
San Antonio Board of REALTORS® reports median single-family home price up 3.4% in May-12 over Apr-12, sales climb to 1,577.
May-12 Quick Facts:
- The median price of existing single-family homes increased to $155,000 up 3.4% vs Apr-12.
- Existing single-family home sales increased 15.4% from Apr-12 for a May-12 total of 1,577 sold units.
- Condos increased in price to $95,000 up 18.8% vs Apr-12.
- Existing condo sales increased 2.2% in May-12 over Apr-12 for a total of 46 sold units.
Single Family Median Home Price
May-11 vs May-12
San Antonio has a 6.9-month inventory of homes. Buyers have been enjoying the better part of most negotiations, but our decreasing inventory has moved us closer into the sellers having some equal grounds as far as negotiations are concerned.
The Number of Sold Properties by Month
May-11 vs May-12
There were 1,778 pending sales at the end of May, a strong indication that June can be a very productive month. The market for resale homes is the most active during the summer months as people try to time moves during school summer vacations. Prices usually hit their highest points of the year during June through August.
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