Hotcakes are selling like homes in San Antonio, Texas

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

Home at 1602 W. Rosewood for sale, San Antonio, Texas

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.

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

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Comments (1)

Ricki Eichler McCallum
CastNet Realty - Corpus Christi, TX
Broker,GRI,ABR, e-Pro, TAHS

Hi Robin,  That's all good news.  Don't we all just love HOTCAKES! :)

May 22, 2013 11:43 PM