Home sales jumped up six percent year-over-year in July, for a total of 3,397 homes sold 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. The average sales price also rose six percent to $277,242 while the median inched up 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 las 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.”
In Texas, the average sales price of a home was $303,087 in July while in Bexar County the average sales price was just $262,457. Meanwhile, in Travis County the average sales price of a home was $510,639 and in Dallas County it was $355,290. In Harris County the average was $320,971.
July had nearly 11,000 active listings, with the month ending with 2,865 sales still pending. Of the homes sold in July, 32.3 percent were those 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.
A total of 34,385 homes were sold in July in Texas, eight percent more than this same month last year. The median sales price increased 4.2 percent to $250,000 and the month reported four months of inventory available for the state. (Source: SABOR Monthly Report)