The San Antonio real estate market in 2014 remained strong with an outstanding month of November.
The market saw improvements in home sales, sale prices and the number of days that homes were on the market before they sold.
San Antonio has seen an increase of 4.8 percent in the number of homes sold for the first 11 months of 2014 when compared to the first 11 months of 2013.
In addition to the continued strong home sales, the average home sales price has also seen an increase of 9.8 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 November was just 68 days.
Here is an infographic with the breakdown of how the San Antonio Real Estate Market did during the month of November and for 2014.
San Antonio November 2014 Home Sales
The month of November saw 2,235 home sales in San Antonio which was a 2.7 percent increase when compared to the homes sales of November 2013.
Homes under $200,000 made up 55.6 percent of sales, with homes priced between $200,000 and $500,000 accounted for 39.6 percent of sales. Homes priced over $500,000 came in at 4.8 percent.
Home sales during the month of November were 3 percent less than they were in October, which is expected as home sales slow down during the holiday season.
San Antonio November 2014 Home Sale Prices
The November average home sale price, $223,700, in San Antonio was an increase of 4.7 percent when compared to November of 2013.
Meanwhile, the median home sale price, $184,100, also increased 8.1 percent during the same time period.
San Antonio November 2014 Days on Market and Absorption Rate
The inventory of available homes for sale in San Antonio remains low as November finished at 3.9 months. The number of total listings (8,236) for the month of November was the lowest that they have been in the month of November since 2005.
The 3.9 months of inventory for November continues to place our inventory levels at 2005 levels.
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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