August 2016~Real Estate Market Report~San Antonio TX
August sales were strong this year, showing a 13% increase in sales over August 2015, according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS. Inventory remained below four months for the twelfth consecutive month causing prices to continue their moderate increases.
The average price of a home in August rose 4% to $246,515 and median prices rose 7% to $211,800 over August 2015. The median has stayed over $200,000 since May. To date over 1,200 more homes have sold this year than last, a 7% increase.
In August, 46% of the homes sold in the San Antonio area were priced under $200,000 while homes priced between $200,000 and $500,000 accounted for 49% of the market. Homes priced over $500,000 made up 5% of the sales. The San Antonio area also continues to prove its affordability when compared to other markets around Texas.
In Bexar County, the median price of a home sold in August was $194,000 while the median sales price in Harris County was $206,000 and the median in Dallas County was $210,000. Travis County homes sold for a median price of $332,500.
-San Antonio Board of Realtors
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