The week over week comparison for Week # 48 over #47 compares Average Sales Price, Number of Homes Sold, and Median Sales Price for homes sold in San Antonio, TX Nov 21-27 compared to Nov 14 to Nov 20, 2022. Please first read "Know What Average Means" notice. It makes the information more understandable.
WEEK OVER WEEK COMPARISON
Mean Sales Price
$408,509 compared to last week's Mean Average of $389,463 tells you that lower priced homes did not sell as much compared to last week. That is all it really tells you unless this ocurred for 60-90 days it isn't a trend. It is just information. We shall see.
Number of Homes Sold
Looking at Number of Homes Sold, 257 compared to last week's 408, 58.75% fewer homes actually sold comparatively speaking over the last two weeks. That's to be expected over Thanksgiving.
Median Sales Price
Median Sales Price shows you a nominal change but it does indicate that prices are falling a bit. Last week was $320,990 compared to last week's Median Average of $325,000 for a $4,010 lower Median Sales Price. Again, that is all it really tells you unless this occurred for 60-90 days it isn't a trend. It is just information. We shall see.
Is this a trend? Well, stay tuned folks and let's see how things look Week over Week for 4 weeks. Really I'd say you'd need a good 60-90 days to know if it's a fluke or if it's a trend. It could just be the shoppers were investors rather than home owners who didn't want to go shopping for homes during the holidays since they were busy shopping for Christmas. Stay tuned!
AS ALWAYS, I AM JUST A PHONE CALL AWAY WHEN YOU ARE READY TO BUY OR SELL WITH SOMEONE LOOKING OUT FOR YOUR BEST INTEREST!
CATHY CRIADO (210) 560-1891
Thanks Myrl! Information is good. What you can say about it for advice or make sense of it is better. Have a terrific Tuesday!