Homes Sales in San Antonio, TX for 2016 Surpasses 2015

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Real Estate Agent with Brown Realty, 210-789-4216,www.JeremiahNewman.com TREC #0492321
https://activerain.com/droplet/4YVY

Sales figures for single family home in and around the San Antonio area were up in 2016 resulting in nearly 30,000 homes being sold during the twelve month period,

 

The average sales price of a home in the area was $239,657 and the median sales price was $204,300, a three and six percent increase respectively.

 

Homes Sales in San AntonioSales figures each month except one this year have surpassed 2015’s figures, with the biggest year-over-year increase occurring in November with a 23 percent spike. Meanwhile, demand remained strong. This year began with 3.5 months of inventory and this number increased to 3.9 months in June before falling to the year’s low in December at 3.1 months. The number of days on market also saw some fluctuation in 2016, beginning the year at 63 days and straying over 70 in February before falling to a low of 53 in August and jumping to 61 in December, still five fewer days than the previous December.

 

Homes priced over $500,000 increased 0.5 percent year-over-year to make up 4.9 percent of the year’s sales while homes priced between $200,000 and $500,000 accounted for 46.5 percent of the homes sold in 2016. However, the majority of homes sold in the area remained under $200,000 with those sales making up 48.6 percent of the market.

 

Sales across Texas also reported modest growth in 2016. Sales increased 4.7 percent year-over-year for a total of 302,061 homes sold in the state while the median price of a home sold rose to $212,000, a 7.1 percent increase.

 

**All data is according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS.

 

Although San Antonio is still a strong seller’s market, homes are still selling in all three levels for affordable homes, move-up homes, and high-end luxury homes. Find out How Much Your Home is Worth in your community,and let’s get it on the market prior to the Spring rush. Search for Homes In and Around San Antonio on my website, and call me at 210-789-4216 for a personal showing.

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Rainmaker
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Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Great news!  Your post is also well written and easy to read!

Jan 19, 2017 08:27 AM #1
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Thanks, Kristin. I love spreading the news about the San Antonio market.

Jan 19, 2017 08:29 AM #2
Rainmaker
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Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

San Antonio sellers and buyers will find our market report very helpful.

Jan 19, 2017 08:45 AM #3
Rainmaker
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Yolanda Cordova-Gilbert
Sitterle Homes - Richmond, TX
Sitterle Homes

Jerry, Looks like San Antonio has a brisk market as well as Texas, HOpe all is well with you and Happy New Year!

Jan 19, 2017 02:40 PM #4
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