The San Antonio Board of REALTORS® (SABOR) reported another strong month for San Antonio home sales for August 2015. Sales of single family homes in August totaled 2,551 homes sold. While this was a month-to-month decrease compared to last month's total of 2,978, it was a very healthy 5 percent increase over the same period last year. A dip in sales from July to August is typical as the start of the school year marks the end of the busy season.
Average home price in August was $237,168, which is the first time in three months where average home price was below $240,000. Compared to August 2014, the average home price in August 2015 saw an increase of 7 percent.
Inventory remained flat at 4.0 months compared to July, still shy of the 6.5 months of inventory that the Real Estate Center at Texas A&M University characterizes as a balanced housing market. Homes moved quickly spending an average of only 50 days on the market this August, ten days fewer than 2014.
Median sales price increased 8 percent versus last year to $197,100. This number is a month-to-month decrease of 1.45 percent, down from $200,000 in July 2015.
“We continue to see incredible growth in our area. In the city of San Antonio alone, 1,136 homes sold which is more than a seven percent increase from 2014,” said Mary Ann Jeffers, 2015 Chairman of the San Antonio Board of REALTORS®. “However, we also saw increases in other areas including Alamo Heights, Shavano Park, Live Oak, Fair Oaks Ranch, Converse, Cibolo, Schertz and Castle Hills.”
“We are right on par with the rest of the state in terms of sales and price growth,” said Angela Shields, SABOR’s President and CEO. “Texas reported a five percent growth in total sales for August as well as a six percent increase in average sales price and more than seven percent in median sales price.” 
SOURCE: San Antonio Board of REALTORS®
Whether you're buying or selling a home in a this market, it is important to be prepared. A sellers' market indicates that there are far more buyers than sellers, and the lack of inventory can create challenges for both buyers and sellers.
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