Want to buy a house in San Antonio? Then you better move fast.
Homes are flying off the market all across the nation, and that means San Antonio homebuyers have to hustle if they want to score a house.
The latest Zillow market report shows that U.S. homes are selling faster than any time since 2010. In Alamo City, homes are on the market for a median of 69 days, four days less than last year.
And while our inventory is a whopping 20 percent higher than it was last June, Zillow says it's still down 61.5 percent from its June 2011 high. The median home price is an affordable $152,300, well below the national average of $187,000.
"Homes are selling faster than ever as the home shopping season hits its peak," says Zillow chief economist Dr. Svenja Gudell in a release. "If you’re looking for a home, be prepared to move quickly. Adding to this difficult buying environment is low inventory — there simply aren’t many homes to choose from."
How's it looking around the rest of Texas? In Houston, homes are spending a median of 70 days on the market before selling for a median price of $172,900. Inventory is up 4.4 percent.
Dallas-Fort Worth homes spend only 56 days on the market, and its inventory has spiraled with a 20.5 percent decrease. Homes there are moving almost a week faster than last year. The wait time is similar in Austin, where homes sit for an average of 57 days. Inventory's up by only 1.1 percent.
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