Home sales and sale prices in the San Antonio real estate market started off 2017 with strong numbers continuing the trend seen during 2016.
San Antonio saw an increase of 9.7 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 4.7 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 saw a slight increase to just 62 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 2017 Home Sales
The month of January saw 1,774 home sales in San Antonio which was a 9.7 percent increase when compared to the homes sales of January 2016.
Homes under $200,000 made up 52.6 percent of sales, with homes priced between $200,000 and $500,000 accounted for 43.9 percent of sales. Homes priced over $500,000 came in at 3.5 percent.
San Antonio January 2017 Home Sale Prices
The January average home sale price, $233,865, in San Antonio was an increase of 4.7 percent when compared to January of 2016.
Meanwhile, the median home sale price, $195,000, also increased 5.4 percent during the same time period.
San Antonio January 2017 Days on Market and Absorption Rate
The inventory of available homes for sale in San Antonio remains low as January finished at 3.1 months. The number of total listings (8,205) for the month of January was once again below the number of homes available last January.
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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