How did the San Antonio market do in October?

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

 324 Country Wood home for sale in San Antonio, Texas 78216San Antonio’s housing market is still on the rise. In October, there was a 19% increase in the number of homes sold compared to last year’s total. According to the San Antonio Board of REALTORS, the average sales price also rose by 7% and homes are getting 96% of the asking price.

San Antonio has a history of being a stable market, without the peaks and valleys that make other housing markets more … interesting. So far this year, a total of 16,829 have sold compared to last January–October’s total of 15,233. With 5.9 months of inventory, it is balanced between a seller’s and buyer’s market.

In the northeast sector of the greater San Antonio metro, comprising Guadalupe and Comal Counties, the story is similar. Cibolo/Schertz home sales , which include a lot of new build, grew by 26.3% in volume with a median sales price of $172,000.  New Braunfels, with a median sales price of $208,000, had an increase in sales volume of 23.8% from October 2011. Seguin sales volume fell from last year, but the sales price increased by 53.7% to a median of $176,700. Similarly, Canyon Lake’s sales were less than last year’s total, but the median price of $217,450 is up 47.9% from the same time last year.

A combination of historically low interest rates, easing mortgage qualification restrictions, a low cost of living, and plentiful job and military relocation opportunities should continue to keep San Antonio’s housing market on the up and up.

Posted by

 

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

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Comments (2)

Liz and Bill Spear
RE/MAX Alliance 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Alliance Cincinnati & Dayton suburbs

Robin, Great to hear the housing news for San Antonio is so positive!

Nov 21, 2012 01:40 AM
Carl Winters
Canyon Lake, TX

Robin: We stopped by to wish you  a wonderful Thanksgiving Day with friends and family.



A time to sit back, relax, and give thanks.

Carl and Ceil Winters

Nov 21, 2012 09:33 AM