The San Antonio real estate market has seen some intriguing trends this May. Let's dive into the latest statistics and see what they mean for buyers, sellers, and renters in the area.
Total Sales and Prices
- Total Sales: 3,472 homes were sold, a 3% decrease from last year.
- Average Price: The average price of homes sold was $371,202, marking a 2% decrease.
- Median Price: The median home price remained steady at $314,000.
Key Market Indicators
- Close to Original List Price: Homes are selling at 94.8% of their original list price, indicating a stable market.
- Days on Market: Homes are staying on the market for an average of 69 days, which is a 6% increase compared to last year.
- Price per Square Foot: The average price per square foot is $178, showing a slight increase of 1%.
- Months of Inventory: The market has 4.9 months of inventory, providing a balanced environment for both buyers and sellers.
Residential Rentals
- Average Residential Rental: The average rental price in San Antonio is $1,889, highlighting the demand for rental properties in the area.
Market Activity
- New Listings: There were 5,541 new listings in May, a significant 20% increase.
- Active Listings: Active listings have surged by 39%, totaling 13,768.
- Pending Listings: Pending listings have decreased by 10%, with 2,848 homes under contract.
Price Segmentation
- $0 - $199,999: 9.85% of homes sold fall into this category.
- $200,000 - $499,999: The majority of homes, 74.22%, were sold within this price range.
- $500,000 and Up: 15.92% of homes sold for $500,000 or more.
In conclusion, the San Antonio real estate market is showing a mix of stability and growth. While total sales and average prices have seen slight decreases, the increase in new and active listings suggests a dynamic market.
SABOR April Housing Report
