The month of October saw the San Antonio real estate market experience modest gains in home sales while seeing a double digit increase in the average sale price along with the home inventory dropping again to record levels.
San Antonio has seen an increase of 10.2 percent in the number of homes sold from January to October 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 7.2 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 October were at just 57 days.
Here is an infographic with the breakdown of how the San Antonio Real Estate Market did during the month of October.
San Antonio October 2015 Home Sales
The month of October saw 2,311 home sales in San Antonio which was a 3.9 percent increase when compared to the homes sales of October 2014.
The number of home sales during the month was once again the highest ever for the month of October in the city of San Antonio.
Homes under $200,000 made up 55.0 percent of sales, with homes priced between $200,000 and $500,000 accounted for 40.5 percent of sales. Homes priced over $500,000 came in at 4.5 percent.
San Antonio October 2015 Home Sale Prices
The October average home sale price, $230,000, in San Antonio was an increase of 10.3 percent when compared to October of 2014.
Meanwhile, the median home sale price, $187,100, also increased 7.2 percent during the same time period.
San Antonio October 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 October finished at 3.8 months. The number of total listings (8,906) continued their pattern of increases, as the month of October saw the highest number of available homes during the month of October for the past three years.
The 3.8 months of inventory was the lowest that the month of October 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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