2016 has seen the San Antonio real estate market start off the year with increases in home sales and sale prices while homes spent less time on the market.
San Antonio has seen an increase of 5.9 percent in the number of homes sold for 2016 when compared 2015.
The average home sales price has also been on the rise with an increase of 6.9 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 January were at 63 days.
Here is an infographic with the breakdown of how the San Antonio Real Estate Market did during the month of January.
San Antonio January 2016 Home Sales
The month of January saw 1,591 home sales in San Antonio which was a 5.9 percent increase when compared to the homes sales of January 2015.
Homes under $200,000 made up 55.7 percent of sales, with homes priced between $200,000 and $500,000 accounted for 40.1 percent of sales. Homes priced over $500,000 came in at 4.2 percent.
San Antonio January 2016 Home Sale Prices
The January average home sale price, $223,687, in San Antonio was an increase of 6.9 percent when compared to January of 2015.
Meanwhile, the median home sale price, $184,363, also increased 3.6 percent during the same time period.
San Antonio January 2016 Days on Market and Absorption Rate
The inventory of available homes for sale in San Antonio saw a slight increase as January finished at 3.7 months. The number of total listings (8,781) continued their pattern of increases, as the month of January saw the highest number of available homes during the month of January since 2013.
The 3.7 months of inventory was the second lowest that the month of January has ever seen.
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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