Last month in September 2013, the housing inventory in Military City, USA hit an historical low of 4.6 months, according to results released by the San Antonio Board of REALTORS(SABOR). This September report also shows that homes were on the market for an average of 70 days. The majority of the homes were sold for 97 percent of the listed sales price.
San Antonio, TX has been in a sellers Market since January 2013, and the inventory of available homes has been steadily decreasing each month. In various communities throughout the city, sellers have been receiving multiple offers and bids on their homes.
In September, the average price of a home in the greater San Antonio area stood at $205,728 — up from an average price of $193,026 last September, and an average price of $189,723 in September 2011.
A total of 2,031 homes were sold over the 30 days ended Sept. 30, 2013, according to the latest SABOR analysis. By comparison, 1,686 sales were recorded last September. Two years ago, 1,576 home-sales were recorded. The median price of a home currently stands at $168,700 — up from $158,400 a year ago, and $154,600 as of September 2011.
It doesn’t appear that the housing market in the San Antonio area will be slowing down anytime soon, since the interest rates are still very low. Even though, the holidays are quickly approaching, now is still a great time for sellers to place their homes on the market to help with our decreasing inventory in San Antonio.
Therefore, if you are thinking about selling or buying a home in the San Antonio area, contact your Local San Antonio Real Estate Professional at 210-789-4216 Today.
Your Military Relocation Specialist "Serving You For All Your Real Estate Needs"
Jerry Newman, REALTOR®
US Army Retired
1802 NE Loop 410 Ste 520
San Antonio, TX 78217
Helping and Serving the real estate needs of buyers and sellers in the Greater San Antonio, Bexar County, and all the surrounding areas.
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