The San Antonio housing market has seen an increase in all of the key housing indicators during the first four months of 2012 when compared to the same time frame of 2011. The number of homes sold in 2012 has seen an increase each month over the previous month.
The number of homes sold in San Antonio have increased 8 percent for the first four months of 2012 compared to the first four months of 2011. The average and median sales price of homes sold have also increased 3 percent during the same time period.
San Antonio April Home Sales
San Antonio home sales increased 9 percent in April when compared to the homes sales of April of 2011. The number of home sales have improved month over month this year. You can expect for home sales to increase in May, the last time that there was more home sales in April than May was back in 1994.
San Antonio April Home Sale Prices
The average home sale price in San Antonio increased 7 percent in April when compared to the homes sales price of April of 2011. The median home sale price also increased 6 percent during the same time period. According to information from the Texas Real Estate Center for the past 10 years, there has not been a decrease in the average sales price from April to May.
San Antonio April Days on Market and Absorption Rate
The inventory of available homes for sale in San Antonio for April was at 7.0 months, and the numbers look like they are moving back to 2007 and earlier levels. A neutral market is 6 months of inventory with numbers above 6 months indicating a buyer’s market (more supply of homes than the demand) and numbers below 6 months, a seller’s market (more homes in demand than homes available on the market).
San Antonio Current Listings
For more information on how these numbers are affecting you or for a specific neighborhood, contact me for free information.
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of the San Antonio Board of REALTORS®. IDX information is provided exclusively for consumers' personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
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