San Antonio September 2012 Housing Market Statistics

Market Report - September 2012 for Greater San Antonio, TX
The housing market in Greater San Antonio continues to look bright and promising based on the current information released on October 15, 2012 by the Multiple Listing Service Reports for September 2012 from our San Antonio Board of REALTORS®(SABOR).  September had a 7 percent increase in sales compared to this same month in 2011.  The average and median prices for September were also up, with both having a 2 percent increase from the previous year.

Mortgage applications for refinancing and home purchases have increased across the country due to the Federal Reserve’s recent move to buy $40 billion of the mortgage-backed securities each month until the job market improves.  This move by the Federal Reserve has caused mortgage rates to remain low.

The number of homes sold in San Antonio has steadily increased in 2012, with only a small drop off in September after a huge summer boom. September had a total of 1683 homes sold with the average sales price of $192,594, and a median sales price of $157,900. From January through September, 15,175 homes were sold, compared to 13,861 homes sold this same time period in 2011. In addition, last month ended with 9,685 Active listings and 1.378 pending sales, which indicates we are still in a buyer’s market, but getting closer to a seller’s market. Some listing agents have already reported receiving multiple offers in certain communities in the city.

Now is still a great time to buy a home in San Antonio, Texas while the interest rates are still low, and the six month inventory of available homes offers something for buyers in any price range.  San Antonio remains strong in the housing market with affordable homes, low cost of living, growth in job opportunities, medical facilities, and our military presence.