Last month San Antonio’s Real Estate Newsline posted this story on the status of our market:
According to the March 2014 Multiple Listing Service report by the San Antonio Board of REALTORS® (SABOR), the month’s average sales price was $211,247, a 10 percent increase from March 2013. The median price rose eight percent, to $172,400 and the month reported 1,879 total sales, a one percent increase from last year.
“Our strongest price range has always been homes priced under $200,000,” said Missy Stagers, SABOR’s 2014 Chairman of the Board. “In March, we had 61 percent of homes in this range. Another 35 percent were in the $200,000 and $500,000 bracket and four percent were priced over $500,000.”
CNN Money recently ranked San Antonio number five on its list of the top 10 fastest growing cities in the nation. The report cited San Antonio’s diverse economy and low unemployment rate.
Year-to-date, the San Antonio numbers continue to show increases. As of March 2014, the average home price rose six percent from 2013 to $203,905 and the median price increased seven percent to $168,100. The total number of sales as of March 2014 was 4,709, a four percent increase over last year.
“Our housing inventory has remained under six months for over a year with March reporting just 4.3 months,” said Angela Shields, SABOR’s President and CEO. “We encourage anyone looking to buy or sell in this market to rely on a REALTOR® who can help them understand what is happening in their part of the city and guide them in making the best decision for their future.”