The month of February saw home sales and home sale price increases within the San Antonio real estate market slow down compared to previous months.
San Antonio saw an increase of 6.0 percent in the number of homes sold for 2017 when compared to 2016.
The average home sales price has remained strong with an increase of 2.8 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 saw another slight increase to just 63 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 2017 Home Sales
The month of February saw 2,073 home sales in San Antonio which was a 2.3 percent increase when compared to the homes sales of February 2016.
Homes under $200,000 made up 49.3 percent of sales, with homes priced between $200,000 and $500,000 accounted for 46.3 percent of sales. Homes priced over $500,000 came in at 4.4 percent.
San Antonio February 2017 Home Sale Prices
The February average home sale price, $231,428, in San Antonio was an increase of 2.2 percent when compared to February of 2016.
Meanwhile, the median home sale price, $199,000, also increased 4.7 percent during the same time period.
San Antonio February 2017 Days on Market and Absorption Rate
The inventory of available homes for sale in San Antonio remains low as February finished at 1.5 months. The number of total listings (4,042) for the month of February was well below the number of homes available last February .
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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