It’s a common refrain: Home prices in the San Antonio metro area are going up. The median price of a home in the region shot up 17 percent in June compared with the same time last year, the San Antonio Board of Realtors reported.
The median price of a home in the San Antonio area stood at $292,600 in June, up from $249,500 a year earlier. By comparison, the median home price in Texas rose 21.2 percent in June to $315,000, compared with $261,000 a year earlier.
Meanwhile, the inventory of homes for sale is also on the rise.
In June, 4,476 homes were listed for sale in the San Antonio area, up 12.3 percent from the same time in 2020, according to SABoR. As for home sales, those inched up by just 5 percent, going from 3,850 last June to 4,024 this June.
“The San Antonio area housing market is continuing to move quickly, [and] homes are selling in an average of 26 days. That’s 34 days less than last year,” Cher Miculka, chairwoman of SABoR, says in a July 20 news release. “With the kickoff of summer, we are seeing new inventory hit the market, which is providing more options for buyers.”