Home sales leveled out after the summer boom while still remaining at a record high for this time of year. September reported 2,725 homes sold, a nine percent increase over this same month last year according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS. Both average and median sales prices showed healthy growth as well, with an average sales price of $270,147 and a median of $237,200. The month ended with 3.7 months of inventory available, indicating a continued sellers’ market.
“Home sales are still outpacing previous years, which is good news for sellers. But there is still a lot of opportunity for buyers. September reported over 10,000 listings actively on the market. In fact, we’ve had over 10,000 listings available each month for the past six months,” said Grant Lopez, SABOR’s 2019 Chairman of the Board. “That means there are still a lot of properties available so get with your REALTOR® to discuss your options.”
The majority of homes sold in September still fell in the mid-range of $200,000 to $500,000, with those homes making up 61 percent of the market. Another 33.5 percent of the market were homes priced under $200,000 and the market over $500,000 made up the remaining 5.5 percent of sales. Bexar County fared similarly in September with increases in sales figures. A total of 1,986 homes sold in September, an 8.2 percent year-over-year increase.
Meanwhile, the average sales price of a home in the county increased to $258,873, a 5.7 percent increase, and the median rose 6.1 percent to $225,000. In Texas last month, 27,257 homes were sold, an 8.8 percent increase from 2018. The state average increased 3.6 percent to $292,126 while the median rose 5.6 percent to $244,990. The state reported just 3.7 months of inventory available. (Source: SABOR Monthly Report)