San Antonio saw a 10 percent increase in home sales for the month of August this year compared to August last year. The San Antonio Board of Realtors stated that August’s sales were on par with 2008 and 2009 numbers.
San Antonio saw 68 percent of sales were homes under $200,000. This has affected the median and average home prices. The median and average home sales price dropped 2 percent compared to July. The average sales price also is 6 percent lower than August 2010. There was a 5 percent drop for median sale prices compared to the same time period.
San Antonio months of inventory was 7.9 percent for August 2011. A level market is 6 months of inventory with higher numbers being a buyer’s market and lower numbers a seller’s market.