Real Estate Report
San Antonio home prices went one way, while sales went the other in July 2022. The latest report from SABOR shows a 15 percent year-over-year increase in the area's median home price; meanwhile, there was a 15 percent year-over-year decrease in home sales.
In July, the San Antonio median home price clocked in at $341,600. The average area home price hit $389,486, up 12 percent from a year ago, but down from the all-time high of $405,891, which was recorded in June.
“Though the average and median price of a home continues to rise, this is the fourth month in a row we are seeing a decrease in home sales,” said Tracie Hasslocher, SABOR chairman, in a release.
“3,333 homes were sold in July, a decrease of 15 percent from July 2021. To close the month, there were 5,114 new listings and 9,068 active listings, both an increase from last year. However, there was a 12 percent decrease in pending sales.”
According to data provided by SABOR, the San Antonio trends mirror the Texas market as a whole. Home sales across the state dropped 15.4 percent last month, compared to July 2021, while the average home price grew 10 percent and the median home price climbed almost 13 percent.