The San Antonio real estate market saw home sales dip below 1,500 for the first time in over a year, while still seeing improvements over last January.
San Antonio is still in a strong Seller’s market due to the low number of available homes for sale.
San Antonio has seen an increase of 5.2 percent in the number of homes sold during January 2015 when compared to last January.
In addition to the continued strong home sales, the average home sales price has also seen an increase of 9.1 percent during that time.
The San Antonio Board of REALTORS® (SABOR) reported that the number of days that homes that sold were on the market during January remained low at just 74 days.
Here is an infographic with the breakdown of how the San Antonio Real Estate Market did during the month of January.
San Antonio January 2015 Home Sales
The month of January saw 1,474home sales in San Antonio which was a 5.2 percent increase when compared to the homes sales of January 2014.
Homes under $200,000 made up 59.2 percent of sales, with homes priced between $200,000 and $500,000 accounted for 37.3 percent of sales. Homes priced over $500,000 came in at 3.5 percent.
San Antonio January 2015 Home Sale Prices
The January average home sale price, $210,100, in San Antonio was an increase of 9.1 percent when compared to January of 2014.
Meanwhile, the median home sale price, $174,500, also increased 8.5 percent during the same time period.
San Antonio January 2015 Days on Market and Absorption Rate
The inventory of available homes for sale in San Antonio remains low as January finished at 3.6 months. The number of total listings (7,717) for the month of January was the lowest that they have been in the month of January since 2003.
The 3.6 months of inventory for January continues to place our inventory levels at the lowest levels recorded.
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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