Hot and steamy in San Antonio, Texas

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

Patio and garden at 543 Robinhood Place, San Antonio, TX 78209Temperatures and rainfall were not the only things to set records in San Antonio this May. It was also a hot, rainmaking month for home sales in the San Antonio metro.

The largest increase in sales in 5 years was recorded, with a total of 2,480 homes sold, representing a 31% jump from May of 2012. The number of homes sold rose 19% from a year ago.

The inventory of homes is still at a 5.1-month level, indicating a continuing sellers’ market. It is taking an average of only 78 days to sell a home, a drop of 15% from last May.

The average sales price was $216,940. That is a pretty significant 10% increase from May of 2012, when the average price was $198,091.

The under-$200,000 price bracket represented 59% of the home sales. As prices rose, homes over $500,000 accounted for almost 5% of sales in May, compared to their usual 3% or 4%, according to the president and CEO of the San Antonio Board of REALTORS, Angela Shields.

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

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