The average price of a home in the San Antonio metro went up again in April by 5%. This is according to the monthly statistics from the Multiple Listing Service report published by the San Antonio Board of REALTORS® (SABOR). Sales were up a whopping 21% from 2012, with a total of 1,998 sales and 2,149 pending closing.
The San Antonio metro includes Bexar County and seven surrounding counties. The cities with the greatest increase in homes sales activity from a year ago were Bulverde, Spring Branch, Boerne, Schertz, Converse, and Cibolo; located in Kendall, Comal, and Guadalupe Counties. Many of the sales were of new homes.
It has turned into a seller’s market for most of San Antonio. Housing inventory stands at 5.2 months, and average time on market is less than 3 months. Homes priced $500,000 and up made up only 3.5% of the April sales. Those priced from $200,000 to $500,000 accounted for 33.8%. Homes priced under $200,000 were in the majority, at 62.8%.
The average price of a home in April 2013 was $202,864 compared to $193,394 in April of last year. The median price went up to $168,100 from $158,400.