The inventory crunch in the San Antonio real estate market has pushed home sales and sale prices to record levels and we haven’t even reached the busiest time of year.
San Antonio saw an increase of 12.1 percent in the number of homes sold during the first 4 months of 2015 when compared to the same 4 months of 2014.
The average home sales price has also been on the rise with an increase of 7.6 percent during the same time period.
The San Antonio Board of REALTORS? (SABOR) reported that the number of days that homes that sold were on the market during April dropped below 2 months.
Here is an infographic with the breakdown of how the San Antonio Real Estate Market did during the month of April.
San Antonio April 2015 Home Sales
The month of April saw 2,462 home sales in San Antonio which was a 12.3 percent increase when compared to the homes sales of April 2014.
The number of home sales during the month eclipsed the previous record for the month of April.
Homes under $200,000 made up 54.6 percent of sales, with homes priced between $200,000 and $500,000 accounted for 41.3 percent of sales. Homes priced over $500,000 came in at 4.1 percent.
San Antonio April 2015 Home Sale Prices
The April average home sale price, $222,700, in San Antonio was an increase of 6.5 percent when compared to April of 2014.
Meanwhile, the median home sale price, $187,900, also increased 6.8 percent during the same time period.
San Antonio April 2015 Days on Market and Absorption Rate
The inventory of available homes for sale in San Antonio remains low as April finished at 3.8 months. The number of total listings (8,388) for the month of April was the lowest that they have been in the month of April since 2006.
The 3.8 months of inventory for April continues to place our inventory levels at among the lowest levels recorded.
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).
For more information on how these numbers are affecting you or for a specific neighborhood, contact me for free information.
San Antonio Current Listings
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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