Time and time again we all ask about our local San Antonio housing market. Today I decided to share some important figures regarding our market for this year compared to a few years back. San Antonio as a whole has maintained a strong housing market compared to the rest of the country. Here is what we found about our market.
The San Antonio housing market recorded more than 23,000 home sales last year, the highest number since the height of the real estate boom.
Last year, 23,390 homes were sold in the area, according to data from the San Antonio Board of Realtors. The most home sales on record for the San Antonio area was 25,286 in 2006.
In 2013, the median home price for a single-family home was $170,200. Prices are expected to rise this year as housing inventory continues to tighten. If you are on the fence about buying just remember if you are out there looking now is not the time to hesitate to make a move. If you find a home you like and at a price you like move on it, if not someone else will. Good quality priced homes are not lasting long.
Statistics Courtesy of the San Antonio Express News
For more information or to get your buying process started please give our office a call today!
Scott Myers, Century 21 Scott Myers, Realtors