Real Estate Report
San Antonio market continues to see prices going up and sales going down
The San Antonio housing market continues to see prices climb and sales decline, says the San Antonio Board of Realtors. SABOR's latest monthly report, released November 18, shows October was the seventh straight month for the trend.
San Antonio's average and median home prices climbed 8 percent year-over-year in October, to $382,518 and $323,190, respectively, while sales dropped a significant 19 percent from October 2021. Those prices, however, are down from September 2022, when the average home price clocked in at $389,752 and the median price was $337,500.
“[In October,] homes spent an average of 44 days on the market and 95.8 percent sold for their listing price,” said Tracie Hasslocher, SABOR's 2022 chairman, in a release.
“[Two hundred eighty four] homes sold for $199,999 and below, 1,534 sold for $200,000-$399,999 and 836 sold for $400,000 or more. The month closed with 3.26 months of inventory, 2,179 pending listings, 3,978 new listings and 10,390 active listings, a 74 percent increase from October 2021,” Hasslocher said.
San Antonio once again stays right in line with Texas as a whole, which saw a 21.2 percent decrease in home sales in October 2022 compared to October 2021. Last month, the average Texas home price increased by 8.3 percent, while and median price increased by 8.1 percent.
Bexar County, meanwhile, maintains its status as the most affordable major county in the state, compared to Travis, Dallas, and Harris counties, SABOR says. Bexar has a median home price of $354,231, and an average home price of $305,000.