Home sales remain at a record high as we move into Q4 2019. November reported 2,448 homes sold, a two 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 growth as well, with an average sales price of $263,723 and a median of $230,600. The month ended with 3.6 months of inventory available, indicating a continued sellers’ market.
“San Antonio and the surrounding area remain competitive for home buyers and sellers as we move into the new year. November reported over 10,000 active listings on the market, with over 3,000 new listings added to the market in November,” said Grant Lopez, SABOR’s 2019 Chairman of the Board. “This means there is a variety of options for those interested in buying or selling, so consult a REALTOR® to discuss your options.”
Over 58 percent of homes sold in November fell in the mid-range of $200,000 to $500,000. Another 35.83 percent of the market were homes priced under $200,000 and the market over $500,000 made up the remaining 5.47 percent of sales.
Bexar County fared similarly this month, with increases in sales figures. A total of 1,840 homes sold in November, a 6.1 percent year-over-year increase. Meanwhile, the average sales price of a home in the county increased to $247,700, a 2.6 percent increase, and the median rose 3.6 percent to $217,500.
Home sales in Texas rose 3.7 percent in November for a total of 24,364 homes sold. The average price for a home in November increased 2.7 percent to $289,065 with median price increasing 3.9 percent to $240,000. November ended with 29,701 new listings and 3.5 months of inventory in Texas. (Source: SABOR Monthly Report)