San Antonio area home sales continued to sizzle in July with the sales volume increasing six percent year-over-year for a total of 3,397 homes sold according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the San Antonio MLS. The average sales price also rose six percent to $277,242 while the median price of homes sold increased by four percent to $239,500.
The average number of days a home spent on the market in July was 52, two more days than this month last year. July reported just 3.9 months of inventory available.
“We always expect the summer months to show an increase in sales figures, and this year is no different,” said Grant Lopez, SABOR’s 2019 Chairman of the Board. “Though the average price has increased, it is still well below the average for the state and for other major metro areas in Texas, which is great news for buyers in the San Antonio area.”
July had nearly 11,000 active listings in the San Antonio metropolitan area, with the month ending with 2,865 sales still pending. Of the homes sold in July, 32.3 percent were priced under $200,000 while those priced between $200,000 and $500,000 made up 61.1 percent of the month’s sales. Homes priced over $500,000 accounted for the remaining 6.6 percent of July’s home sales.
SABOR Multiple Listing Service Report: Home Sales Recap
|SA Sales Recap||Jul-17||Jul-18||Jul-19|
|Month Sales||2,950 (6% increase)||3,214 (11% increase)||3,397 (6% increase)|
|Average Price||$256,042 (4% increase)||$261,749 (2% increase)||$277,242 (6% increase)|
|Median Price||$218,600 (3% increase)||$230,200 (5% increase)||$239,500 (4% increase)|
If you are thinking of buying or selling a home in the San Antonio metropolitan area, and want to work with a trusted San Antonio REALTOR® throughout the process, contact Trudy Edwards of KELLER WILLIAMS Realty Heritage, at (210) 595-9801, or by email at TrueSARealEstate@gmail.com.