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Demand for Housing in Texas is Higher than ever!

By
Real Estate Agent with Brown Realty, 210-789-4216, TREC #0492321

 

The demand for Texas homes is HOT. Now, would be an excellent time to find out How Much Your Home is Worth in and around the San Antonio area. The first quarter in 2016 saw an all time low of 2.8 months inventory of homes for sale in Texas real estate. Every market is local, and San Antonio still has a low inventory of homes too.

 

What does this mean? If no more homes are listed for sale, it would take less than 3 months to deplete the supply of homes statewide. Low inventory always brings a higher demand for homes, and buyers find themselves in a bidding war.

 

The Real Estate Center at Texas A & M estimates that a monthly housing inventory between 6.0 and 6.5 months is a balanced between supply and demand, and Texas was less than that amount during the first quarter of 2016.

Texas Housing Market First Quarter 2016

To get the full first quarter stats, including median home prices, and number of days on the market, see the Texas Quarterly Housing Report recently released by the Texas Association of REALTORS®. This report shows all the statewide data and includes information for 25 local markets, including San Antonio, TX.

 

The San Antonio and New Braunfels area had an inventory of 3.2 homes for sale in the first quarter of 2016. Call Jerry today at 210-789-4261 to find out How Much Your Home is Worth in and around the San Antonio area. With the average days on the market around 67 days, homes are selling faster than this same time last year.

 

Comments (10)

Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Jerry well it's good news and bad news when a market heats up to HOT. Sellers love it and buyers have to adjust their thinking and offer strategy.  Home sellers in San Antonio would be wise to call you first for expert advice on selling their home in the current market.

May 02, 2016 05:12 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Jerry Newman  I think Anna Banana Kruchten  has said it all . You are the agent for buyers and sellers to call in the San Antonio Texas area .  Great report

May 02, 2016 05:20 AM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Anna. Great for Sellers and Not so great for buyers. At least the interest rates are still low for those looking to buy a home. I appreciate the Shout Out for my services. Thanks.

May 02, 2016 05:31 AM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Hannah Williams Now, is a great time for sellers to start calling to get all the information they need to sell their homes.

May 02, 2016 05:32 AM
Hannah Williams

Yes it is I hope your phone is ringing off the hook

May 02, 2016 11:52 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Jerry- I'm so glad to hear that my home state of Texas is doing well.  Buyers need to work with a local professional, such as yourself, to be in touch with what's going on in their area. 

May 02, 2016 11:50 AM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

This is great news Jerry. I have heard that Texas is becoming more and more popular. Keep up the good work.

May 02, 2016 12:17 PM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Kathy. Texas Rocks! I am expecting an even better 2nd quarter for homes sales, but we need more inventory soon.
Thanks for mentioning my services for buyers.

May 02, 2016 01:42 PM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Yes, Noah. You know the old saying. Some say they may not have been from Texas, but they got here as fast as they could.

May 02, 2016 01:45 PM
Elyse Berman, PA
LoKation Real Estate - Boca Raton, FL
Boca Raton FL (561) 716-7824

Jerry Newman I have to agree with Anna Banana Kruchten and Hannah Williams , you are the agent to call in the San Antonio area.  Your market sounds much like ours, low inventory and high demand.  Have a great weekend!

May 06, 2016 10:01 PM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Elyse Berman You ladies are very supportive! Have a Blessed Mother's Day!

May 07, 2016 11:58 PM