The San Antonio real estate market has enjoyed a great first quarter of 2013 with increases in home sales and sale prices.
The number of homes available is at staying below the level of demand. This is resulting in many homes receiving multiple offers and negotiations favoring homeowners.
San Antonio saw an increase of 13 percent in the number of homes sold for the first 3 months of 2013 when compared to the first 3 months of 2012.
The average and median home sales prices have also seen an increase of 5 and 1 percent during the same time period.
San Antonio March 2013 Home Sales
Home sales in San Antonio for the month of March experienced a 11 percent increase when compared to the homes sales of March of 2012. Home sales are also highest levels since the boom years.
San Antonio March 2013 Home Sale Prices
The average home sale price in San Antonio increased 5 percent in March when compared to March of 2012. The median home sale price also increased 1 percent during the same time period. For the first 3 months of 2013, the average home sales price has been 5 percent higher then it was for the same months in 2012. Both, the average and median sales prices, saw their highest numbers ever for the month of March.
San Antonio March 2013 Days on Market and Absorption Rate
The inventory of available homes for sale in San Antonio for March was at 5.4 months. The number of total listings (9,488) for the month of March was lower than any March since 2006. The 5.4 months of inventory for March also placing our inventory levels at the lowest levels in March since 2007.
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).
San Antonio Current Listings
For more information on how these numbers are affecting you or for a specific neighborhood, contact me for free information.
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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