Not even February's historic winter storms could slow down San Antonio's hot real estate market.
That's according to the latest monthly report released by San Antonio Board of Realtors, which highlights an increase in home sales, average home price, and median home price for February 2021 over February 2020.
Despite the weeklong weather event that put a pause on the market, 2,413 homes were sold in the San Antonio area in February 2021, says SABOR, up from 2,395 homes sold the previous year. That represents a 1 percent increase year-over-year.
Making an even bigger leap were the area's home prices. The average home price increased a substantial 15 percent year-over-year, from $274,049 to $314,810, while the median price grew 11 percent, from $237,500 to $264,100. Homes sold faster, too, with available homes spending an average of 51 days on the market, a significant drop from a year ago, when homes were listed for 74 days on average.
At the county level, home sales dropped ever so slightly, with Bexar County selling four fewer homes in February 2021 compared to February 2020. Texas' other major counties, however, saw larger year-over-year dips, SABOR notes, with home sales in Travis County (Austin) down 8.4 percent, Dallas County (Dallas) down 7.1 percent, and Harris County (Houston) down 1.7 percent.
“It's important to remember the vast changes that the nation is still experiencing. We remain hopeful and expect to see the housing market drive forward with many home options and sales,” says Cher Miculka, SABOR's 2021 chair, in a release. "The incoming demand for homes shows that Bexar County and the greater San Antonio areas remain an attractive place to live."