2013 has almost come to an end and with that, the San Antonio real estate market has begun to slow down as the holidays are in full swing.
The average sale price for a home during the month of November was 10 percent higher than last year.
The number of available homes for sale in San Antonio have decreased to 2005-2006 levels.
San Antonio has seen an increase of 17 percent in the number of homes sold for the first 11 months of 2013 when compared to the first 11 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 November 2013 Home Sales
Home sales in San Antonio for the month of November experienced a 4 percent increase when compared to the homes sales of November of 2012.
The home sales during this month were the 3rd most for any November, behind 2005 and 2006.
San Antonio November 2013 Home Sale Prices
The average home sale price in San Antonio increased 10 percent in November when compared to November of 2012.
The median home sale price also increased 6 percent during the same time period.
For the first 11 months of 2013, the average home sales price has been 7 percent higher then it was for the same months in 2012.
San Antonio November 2013 Days on Market and Absorption Rate
The inventory of available homes for sale in San Antonio for November was at 4.2 months. The number of total listings (8,372) for the month of November was lower than any November since 2005.
The 4.2 months of inventory for November also placed our inventory levels at the lowest levels 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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