November was the first time in almost 4 years that home sale prices were below where they were during the same month of the previous year.
San Antonio has seen an increase of 9.5 percent in the number of homes sold from January to November in 2015 when compared to the same time period in 2014.
The average home sales price has also been on the rise with an increase of 6.4 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 were at 61 days.
Here is an infographic with the breakdown of how the San Antonio Real Estate Market did during the month of November .
San Antonio November 2015 Home Sales
The month of November saw 1,770 home sales in San Antonio which was a 1.9 percent increase when compared to the homes sales of November 2014.
Even with home sales dipping below the 2,000 mark, the number of home sales during the month were the third most ever for the month of November in the city of San Antonio.
Homes under $200,000 made up 57.7 percent of sales, with homes priced between $200,000 and $500,000 accounted for 38.6 percent of sales. Homes priced over $500,000 came in at 3.7 percent.
San Antonio November 2015 Home Sale Prices
The November average home sale price, $217,200, in San Antonio was a decrease of 2.7 percent when compared to November of 2014.
Meanwhile, the median home sale price, $182,100, also decreased 1.0 percent during the same time period.
The drop in sale prices appears to be due to the increase in homes that sold for less than $200,000 during the month.
San Antonio November 2015 Days on Market and Absorption Rate
The inventory of available homes for sale in San Antonio dipped for the first time in 4 months as November finished at 3.7 months. The number of total listings (8,561) continued their pattern of increases, as the month of November saw the highest number of available homes during the month of November since 2012.
The 3.7 months of inventory was the lowest that the month of November has ever seen.
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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