San Antonio housing market continues to trend upwards

By
Real Estate Broker/Owner with Robin Rogers, Silverbridge Realty, San Antonio, Texas 398351

Home for sale in San Antonio, TexasAccording to the San Antonio Board of Realtors, the San Antonio area continues to trend upwards in housing indicators. It is almost a balanced market, but still weighing more on the buyers’ side. The sales of single-family homes in May were up 4% from the same time last year. In addition, the average sales price increased by 4%. Across the San Antonio metro, the average sales price was $197,451 and the median price was $161,400 compared to May 2011.

The rest of the nation’s housing inventory increased slightly to a 6.6-month supply in May. San Antonio’s housing supply is similarly hovering at just under 7 months. This is partly because home builders are getting back to work.

Six months is customarily the amount at which a housing market is considered to be balanced between supply (sellers) and demand (buyers).

 

 

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Ā 

Robin Rogers, REALTOR, Broker-owner, TRC, MRP, CRS

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Comments (3)

Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

Robin, I'll take a 4% increase YOY. I'm glad to hear home-builders are starting to get back to work, that's really good news. 

Jun 15, 2012 12:15 AM
Chris Ann Cleland
Long and Foster REALTORSĀ®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Stability in inventory supply and demand coupled with moderate increases in value are great for the San Antonio real estate market.

Jun 15, 2012 08:26 AM
Carl Winters
Canyon Lake, TX

Yhea! My schedule has been full, things are looking up.

Jun 18, 2012 11:09 AM