San Antonio Housing Market Statistics – August 2011
August is typically considered the last month of Summer, typically the hottest buying/selling season of the year…
We know that August 2011 was extremely HOT, temperature wise…but, how were home sale in San Antonio in August 2011?
Well, there was a total of 1,771 home sales in the month of August, which is a 5.1 % increase from July 2011 and a 10 % increase when compared to August 2010.
In fact, our August Sales numbers are where they were back in 2008 & 2009.
Another interesting statistic about San Antonio’s housing market is that 68% of all single-family home sales in August were priced below $200,000.
This is the reason we saw a decline it August 2011’s average ($188,485) and median ($153,200) home prices…down 6% and 5% respectively.
Even with this slight decline, our sales prices for August are still up around 2% from the beginning of 2011.
The fact is more homes were sold…which is positive for our market & shows that our market is strong & steady. And, we are still showing much better sales numbers than most other markets nationally…many of which are still showing declining numbers.
Comments(2)