San Antonio’s 2015 First Quarter Housing Market was STRONG

San Antonio Board of REALTORS® has posted the sales results for the first quarter of 2015. Two huge take-aways:

1. 99.9% of sellers in March were able to sell their homes for list price.

2. Average prices increased 8% and median prices increased 9% in first quarter 2015 v. first quarter 2014.

Here is the article:

Housing Market’s First Quarter Shows Significant Increases

Inventory remains low while prices continue to climb in San Antonio, according to figures in the March 2015 Multiple Listing Report by the San Antonio Board of REALTORS® (SABOR). Months of inventory remained consistent with previous months with March reporting just 3.6 months. Total sales for the first quarter rose 12% from the same quarter in 2014 for a total of 5,327 homes sold while average and median prices increased by 8% and 9% respectively.

“For several months now we have seen our inventory remain under four months and days on the market continue to decrease,” said Mary Ann Jeffers, SABOR’s 2015 Chairman of the Board. “Anyone looking to buy should be prepared to move fast. Getting pre-approved and working with a REALTOR® can make the difference when navigating such a competitive market.”

SOLD – 314 Callaghan Ave in Lavaca

SOLD - 314 Callaghan Ave in Lavaca

SOLD – 314 Callaghan Ave in Lavaca

Dubbed “The Pi House” by the seller this charming 1/1 went under contract the day it hit the market. The Lavaca market, and all of San Antonio for that matter, is very hot now. Let me know if I can help you find your new home. Click on the photo for a link to more photos and information about the house.