Real Estate Report
San Antonio real estate market continues to soar as sales jump nearly 30 percent
If the latest real estate figures are any indication, San Antonio is in for a long, hot summer selling season. The San Antonio Board of Realtor's latest market report shows that home sales and prices continued to soar in April, marking another month of astounding year-over-year growth.
Last month, the San Antonio area saw a 27 percent jump in home sales, with 3,483 homes sold in April 2021 compared to 2,735 homes sold in April 2020.
Prices were also on the rise. In April 2021, San Antonio's average home price shot up 22 percent year-over-year to $333,671, and the median home price jumped 15 percent to $277,000. Those increases also represent significant month-over-month growth: In March 2021, the average home price sat at $316,971, while the median price was $268,500.
Homes are spending much less time on the market, too, an average of only 36 days compared to 61 days a year ago.
"Spring home sales are paving the way for positive trends and exponential growth for the summer months ahead," says Cher Miculka, SABOR 2021 chairman of the board, in a release. "Across all of Texas, we are seeing soaring home sales as the population of cities expand."
At the county level, Bexar saw sales increase by 23.4 percent year-over-year. That figure was eclipsed by Harris, Travis, and Dallas counties, where sales were up 48.3 percent, 36 percent, and 32 percent, respectively.
Average prices for new homes fell in Austin, San Antonio, and Houston, but increased in Dallas-Fort Worth.Courtesy of HomesUSA.com