The month of November saw the San Antonio real estate market experience double digit gains in home sales and average home sales prices over those of last November.
San Antonio has seen an increase of 9.0 percent in the number of homes sold for the first eleven months of 2016 when compared to the same time in 2015.
The average home sales price has remained steady with an increase of 3.7 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 saw a slight increase to just 58 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 2016 Home Sales
The month of November saw 2,249 home sales in San Antonio which was a 9.4 percent increase when compared to the homes sales of November 2015.
Homes under $200,000 made up 49.8 percent of sales, with homes priced between $200,000 and $500,000 accounted for 45.2 percent of sales. Homes priced over $500,000 came in at 5 percent.
San Antonio November 2016 Home Sale Prices
The November average home sale price, $240,137, in San Antonio was an increase of 10.7 percent when compared to November of 2015.
Meanwhile, the median home sale price, $200,100, also increased 8.8 percent during the same time period.
San Antonio November 2016 Days on Market and Absorption Rate
The inventory of available homes for sale in San Antonio remains low as November finished at 3.4 months. The number of total listings (8,758) for the month of November was for the first time in quite some time below the number of homes available last November.
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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