Don't expect San Antonio's red-hot housing market to cool down anytime soon. The latest monthly report from San Antonio Board of Realtors shows September home sales were even hotter than the remarkable figures seen in July and August.
According to SABOR data released October 13, San Antonio home sales increased a whopping 32 percent over September 2019. In total, 3,623 homes were sold last month — that's almost 1,000 more homes sold than the previous year.
In addition to the jump in sales, prices continued to rise. The average San Antonio home price clocked in at $310,202 last month, up 16 percent from a year ago, while the median price rose 11 percent year-over-year to $261,200. It's also an increase from last month's prices, when the average home price hit $309,970 and the median was $259,600.
Looking at 2020 as a whole, home sales to date are up 8 percent from 2019, SABOR notes.
Bexar County is on a similar trajectory. SABOR says Bexar County home sales were 26.5 percent higher in September 2020 than September 2019, and it continues to outpace Texas' other major counties for home sales growth this year.
In Travis, Harris, and Dallas counties, home sales are up about 1 percent year-over-year; in Bexar County, that figure is 8 percent.
"The significant growth in sales, compared to last year, shows the housing sector as a possible factor to move the economy forward,” said Kim Bragman, 2020 SABOR chairman. "We are hopeful to see a positive growth of sales for the remainder of the year."