Real Estate Report
The San Antonio market trend of rising home prices and falling sales continued last month. The latest monthly report from the San Antonio Board of Realtors shows that prices went up, while sales went down, in August 2022.
This marks the fifth straight month of declining year-over-year home sales, SABOR says in a release.
“In August, 3,272 homes were sold in our area. Although it’s a decrease (13%) from the same month in 2021, 98.8 percent of those listings sold for their list price,” said Tracie Hasslocher, SABOR's 2022 chairman of the board, in the release.
And list prices, unlike sales, continue to rise. In August 2022, the median home price in the San Antonio area grew 14 percent year-over-year to $339,200; the average price was up 13 percent from last August, registering at $391,467.
That average price is also up from $389,486 in July 2022, but down slightly from the market's all-time high of $405,891, whihc was recorded in June.
San Antonio market conditions continue to mirror the state as a whole. In August, the Texas real estate market saw an 11.8 percent year-over-year decline in home sales. Meanwhile, the median home price increased by 11.5 percent and the average home price was up 10 percent from August 2021.