Monthly Archives: September 2014

September Market Report, San Antonio Board of REALTORS

August’s days on market plummeted to just 60 days, a 14 percent decrease from August of last year according to the August2014 Multiple Listing Service report by the San Antonio Board of REALTORS (SABOR). Months of inventory also stayed low with just 4.5 months.

“As we transition to the fall, many homes continue to move quickly due to the market’s strength and stable inventory,” said Missy Stagers, SABOR’s 2014 Chairman of the Board. “In fact, our months of inventory is well below the national supply of 5.5 months.”

San Antonio’s average price reached $222,993, a six percent increase from last year, and the median rose to $183,300, a five percent increase from August 2013. The month ended with 1,964 pending sales.

Of the 2,468 homes sold in August, 4.5 percent were priced over $500,000, with 0.5 percent of the total homes sold priced over $1 million. Homes priced between $200,000 and $500,000 accounted for 38.7 percent of sales and homes under $200,000 made up the majority of sales with 56.9 percent.

According to the 2014 Texas International Homebuyers Report released by the Texas Association of REALTORS® earlier this month, Texas ranked as the third largest state in the U.S. for international home sales with $11.06 billion in sales from international buyers between March 2013 and March 2014. In fact, San Antonio was one of the five top searched for cities by Mexican homebuyers on Realtor.com.

“Our economy continues to remain healthy, causing international buyers to see Texas, and San Antonio in particular, as a desirable location to relocate or buy a vacation home,” said Angela Shields, SABOR’s President and CEO. “With the medical and military facilities in San Antonio, job growth continues to soar and drive a steady housing market.

-SABOR

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July Home Prices Show Summer Home Buying Season Winding Down

San Antonio Board of REALTORS: August Market Report

After six consecutive months of increasing prices, July 2014 showed a slight decrease in the average home sales price, reporting $229,253 according to the July 2014 Multiple Listing Service report by the San Antonio Board of REALTORS (SABOR). This is still a six percent increase from July 2013, however.

“We have had a hot summer buying season this year, but as kids get ready to head back to school, we will start to see the market level off and return to a steadier pace,” said Missy Stagers, SABOR’s 2014 Chairman of the Board. “July’s median price of a home was $187,500 which was also a slight dip after six months of increases but still a four percent increase from last July’s price.”

San Antonio’s days on market hit a new low of 64 days, eight fewer than July 2013 and the lowest it has been all year. Months of inventory remains steady at 4.6 months and the month closed with a total of 2,557 homes sold and another 2,338 still pending.

According to the National Association of REALTORS, the median home price nationwide for the second quarter of 2014 was $212,400, up 4.4 percent from the same period in 2013. Total existing-home sales, including single-family and condo, increased 5.8 percent to a seasonally adjusted annual rate of 4.87 million in the second quarter.

“These national prices remind us how affordable San Antonio is, with our prices falling considerably lower than the national statistics,” said Angela Shields, SABOR’s President and CEO. “2014 has seen tremendous growth in the housing market with both buyers and sellers motivated by low interest rates and job growth.”

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