San Antonio summer: hot weather and a hot market

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

poolWhile May home sales in the San Antonio - New Braunfels metro dropped a huge 20%, sales of homes in June reversed the trend. They went up to 14% year over year to 3,823 sales, according to the San Antonio Board of Realtors. 

The previous month had 2,869 residential sales, but pending sales were 21% going into June. The low inventory has trouble meeting the high demand. And homes with a swimming pool are getting snapped up right away.

In June, the median sales price went up again by 5% to $251,700. The inventory dropped to 2.8 months, continuing to signal a seller’s market. Anything less than about 6 months is getting into seller’s market territory.

Meanwhile, mortgage rates are historically low, so home buyers can still qualify for a reasonable monthly payment.

 

Posted by

 

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

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Comments (2)

Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Sally

Aug 10, 2020 08:43 PM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Great looking pool ! We are experiencing scarcity in most of our Price Points and fierce Multi Offer battles 

Oct 25, 2020 06:57 AM

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