The San Antonio real estate market remains a strong seller’s market as the inventory of available homes for sale are the lowest they have been in over 10 years and home sales are at record highs.
San Antonio has seen an increase of 9.7 percent in the number of homes sold for the first 2 months of 2015 when compared to the first 2 months of 2014.
The average home sales price has also been on the rise with an increase of 9.1 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 February remained steady at just 74 days.
Here is an infographic with the breakdown of how the San Antonio Real Estate Market did during the month of February.
San Antonio February 2015 Home Sales
The month of February saw 1,778 home sales in San Antonio which was a 14.0 percent increase when compared to the homes sales of February 2014.
San Antonio saw an increase in home sales of higher priced homes, $200,000 to $500,000, while sales of homes below $200,000 slipped.
Homes under $200,000 made up 55.5 percent of sales, with homes priced between $200,000 and $500,000 accounted for 41.0 percent of sales. Homes priced over $500,000 came in at 3.5 percent.
San Antonio February 2015 Home Sale Prices
The February average home sale price, $218,600, in San Antonio was an increase of 8.8 percent when compared to February of 2014.
Meanwhile, the median home sale price, $184,700, also increased 9.5 percent during the same time period.
San Antonio February 2015 Days on Market and Absorption Rate
The inventory of available homes for sale in San Antonio remains low as February finished at 3.6 months. The number of total listings (7,799) for the month of February was the lowest that they have been in the month of February since 2003.
The 3.6 months of inventory for February continues to place our inventory levels at 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.
What do you think?
Is there any other information you would like? What are your thoughts on how the real estate market is doing in San Antonio? Please let me know what they are in the comments.