San Antonio Housing Market Statistic – November 2011
Ok…San Antonio’s housing numbers for November 2011 have just been released by the San Antonio Board of REALTORS (SABOR)…. As the end of the year gets closer & closer…how is our real estate market holding up?
This time of the year does tend to be one of the slowest when it comes to home sales…but, when we compare sales of single-family homes year over year, we do not see much change from last year. Single-family residential home sales totaled 1,239 in November 2011, a slight 2% decrease from November 2010′s sales of 1,269.
The majority of the decrease was seen in homes priced from $200,000 to $500,000.
The average sales price came in at $174,861 & the median price came in at $145,500 which are down 8% & 5% respectively from November last year.
Even with the prices down from last year, we have seen a 1% rise in home prices year-to-date when compared to the first eleven months of 2010.
There was approximately 7 months of inventory in November 2011. Typically when a market has 6.5 months of inventory, it is considered to have a balance between supply & demand.
Going into December there were 1,164 pending home sales.
With just a couple of weeks of 2011 left, we are close to rounding out another solid year. While we have not seen big gains, we have not seen big losses. We have remained fairly steady and San Antonio’s real estate market is till one of the strongest in the nation.
We will soon see how the year wraps up & see what 2012 has in store for us! Until then…HAPPY HOLIDAYS & HAPPY NEW YEAR!
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