San Antonio experienced the highest sale prices ever during the month of May. Home sales continue to be among their highest ever and inventory is down as well.
Home sale prices are expected to continue to rise and the highest prices tend to happen between the months of May and August.
Home sales traditionally see their highest numbers for the year during the summer months.
San Antonio saw an increase of 19 percent in the number of homes sold for the first 5 months of 2013 when compared to the first 5 months of 2012.
The average and median home sales prices have also seen an increase of 7 percent during the same time period.
San Antonio May 2013 Home Sales
Home sales in San Antonio for the month of May experienced a 30 percent increase when compared to the homes sales of May of 2012. The home sales during this month are the second most ever during the month of May, trailing only May of 2006.
San Antonio May 2013 Home Sale Prices
The average home sale price in San Antonio increased 10 percent in May when compared to May of 2012. The median home sale price also increased 8 percent during the same time period. For the first 5 months of 2013, the average home sales price has been 7 percent higher then it was for the same months in 2012. The average and median home sale prices were their highest ever seen for a single month.
San Antonio May 2013 Days on Market and Absorption Rate
The inventory of available homes for sale in San Antonio for May was at 5.1 months. The number of total listings (9,406) for the month of May was lower than any May since 2006. The 5.1 months of inventory for May also placing our inventory levels at the lowest levels in May since 2006.
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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