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Week in Sales 12/11/2022 - San Antonio, TX

By
Real Estate Broker/Owner with Criado Realty 0548772

The Week over Week comparison for Week # 50 over #49 compares Average Sales Price, Number of Homes Sold, and Median Sales Price for homes sold in San Antonio, TX Dec 5 to Dec 11 compared to Nov 27 to Dec 4, 2022. Please first read "Know What Average Means" notice. It makes the information more understandable. 

 

WEEK OVER WEEK COMPARISON

Mean Sales Price

$392,109 compared to last week's Mean Average of $399,109 tells you that lower priced homes sold better compared to last week, but only a small difference. 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, 337 compared to last week's 509, about 2/3 as many homes closed (sold) compared to last week, Thanksgiving.  That is not surprising. It was the week after Thanksgiving so many closings were pushed back after the holiday. 

Median Sales Price

Median Sales Price shows you a nominal change but it does indicate that prices are falling a bit.  Last week was $334,490 compared to last week's Median Average of $325,000 for a $9,490 higher 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. But it is good for Sellers that the sold prices re slighty higher.

 

 

Overall, about 2/3 as many homes sold last week compared to the week before, for a slightly higher Median Sales Price of  $9,490 more, with a considerable lower Mean Average Sales Price of $7,296 lower. 

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. It could be that the mortgage ragtes are trending lower so there are more owner occupied closings now. 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

Week in Sales 12/04/2022 - San Antonio, TX

Posted by
Cathy Criado President & Founder
MBA, REALTOR, BROKER, NAR GREEN, EcoBroker
Published Author
Your Real Estate Consultant!
 
999 E Basse Rd. #180-425, ​San Antonio, TX  78209​
​Direct:  (210) 560-1891
 
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Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good evening Cathy,

Good advice to stay tuned as you gather more data over the next 60 days to see what the market trends really are.

Dec 15, 2022 08:35 PM
Cathy Criado

i probably will do a monthly recap too, then a quarterly. I think that would shed some light. Thanks for stopping by. BTW I had a good breakfast with my man today so althrouh a rough week, it should end on a better note. 🙂

Dec 16, 2022 08:18 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Cathy, this time of year is pretty slow, but give it a couple of weeks, we will be back!

Dec 16, 2022 06:30 AM
Cathy Criado

True that. It is December. Interest rates have given us a hard time. January should be interesting. Have a super weekend!

Dec 16, 2022 08:18 AM