San Antonio Market as of February 2019

By
Real Estate Agent with Brown Realty, 210-789-4216,www.JeremiahNewman.com TREC #0492321
https://activerain.com/droplet/5hTB

Spring has arrived in South Texas and the San Antonio market area. If you’re wondering how the market trends have been, let’s take a look at the month of February 2019. The median price for homes was up 8.3 percent from last year at a price of $195,000. The number of closed sales in February was 984, which was a 3.0 percent increase from the previous year. Days on the market was 56 days on an average, and the months of inventory was down to 2.9 months.

 

Consequently, it’s still very much a seller’s market for the most part in and around the city. If you’re thinking about or planning to sell, Now is a great time to Find Out How Much Your Home is Worth, and get it on the market in time for the summer rush, since school will be out before you know it within the next two months.

San Antonio Market Report February 2019

Here is the price distribution for single family homes ending the month of February 2019. Homes priced at $200,000 or less made up 52.3 percent of sold homes, 43.9 percent accounted for those homes in the $200,000 to $500,000 price range, while the remaining 3.8 percent accounted for those homes over $500, 000 to a million plus.

 

The active listings at the end of February were 3,448, which was a 12.4 percent increase over last year. It still takes an average of 31 days to close most transactions that require financing, but cash transactions are always faster.

 

Here are some of the zip codes with the fewest days on the market.

  • 78217                    29 days

  • 78242                    30 days

  • 78227                    38 days

  • 78250                    39 days

  • 78223                    40 days

 

Buyers can still find some available properties, but depending on the location, there maybe competitive offers on certain homes. Interest rates are still relatively low and will vary depending your your FICO scores. Visit my website at Homes For Sale in and Around San Antonio, and give me a call at 210-789-4216 to set up any showing appointments.

 

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Rainmaker
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Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Excellent report Jerry Newman . Thank you.

Apr 05, 2019 08:09 AM #1
Rainmaker
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Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Great report, Jerry. Loved the twilight scene photo that you used. I'd kill for a few listings under $200K! Their days on market would be about zero!

Apr 05, 2019 08:28 AM #2
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Great market report Jerry Newman looks like you have cut your Niche in San Antonio Texas. Your name will be on my lips when I need an agent to refer clients who are relocating to this area of the country. 

Apr 05, 2019 08:57 AM #3
Rainmaker
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Laura Filip
Laura Filip Broker , Opening doors for All Seasons of Life - Whitesboro, TX
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Jerry Newman  thank you for sharing the market report for San Antonio Texas. Very good information, 

Apr 06, 2019 02:59 PM #4
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Jerry Newman
Brown Realty, 210-789-4216,www.JeremiahNewman.com - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

You're most welcome, Laura Filip Keeping the potential clients posted is always a good idea. 

Apr 09, 2019 07:39 AM #5
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