San Antonio and its surrounding areas experienced a 27 percent rise in home sales year-over-year, for the second month in a row, according to data provided by the San Antonio Board of REALTORS ® (SABOR), reporting on all areas contained within the MLS. In May a total of 3,669 homes sold whereas 2,884 homes were sold last year.
“Home sales have continued to outpace last year and inventory still remains low at just 1.3 months available,” said Cher Miculka, SABOR's 2021 Chairman of the Board. "Homebuyers need to be prepared to move quickly on a home they are interested in."
Home sales in May averaged $341,853 with a median price of $282,400. Comparatively, the average price throughout all of Texas was $388,261, which is 31.7 percent higher than May 2020. The median price in Texas reached $305,000, a 22.1 percent overall increase from last year. In May there were 4,148 new listings in the San Antonio area, while Bexar County specifically reported 2,925 new listings. In all of Texas, a total of 40,884 new listings hit the market in May.