If you've been house hunting in the last 6 months or so, you can relate to the news that in September 2015, more than 97 percent of homes sold for list price. The San Antonio Board of REALTORS® (SABOR) reported sales of single family homes totaling 2,413, which is the second consecutive month that the typical Fall slowdown in sales continues.
“Sales and price growth continue to show increases in the city of San Antonio as well as in surrounding areas,” said Mary Ann Jeffers, SABOR’s 2015 Chairman of the Board. “In San Antonio alone during September, sales increased five percent while the number of sales in Boerne, Helotes, Leon Valley and Terrell Hills increased at least 50 percent year-over-year.”
Average home price through the first nine months of 2015 was $232,931 making this the second month in a row where average home price was below $240,000.
Inventory remained flat at 4.0 months – roughly the same level since May of this year – but 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 52 days on the market this September, 12 days fewer than 2014.
“Our summer buying season was one of the most active we’ve seen and now it’s starting to wind down,” said Angela Shields, SABOR’s President and CEO. “Nevertheless, there is still plenty for buyers to choose from and the good news for sellers is buyers during this time of year are typically more serious about making a purchase.” A recent RealtyTrac report shows that the best month to buy is October.
September 2015 San Antonio Market Statistics, San Antonio Board of REALTORS®
About Liz Petroff
Liz Petroff is a full-time, dedicated real estate professional. Liz is available via email or by phone at (210) 464-8100. Liz has helped many buyers and sellers – first-time, relocating, downsizing – through every aspect of the transaction from financing, to property search and valuation, navigating contracts, and negotiating in your best interest.