The San Antonio housing market continues to rise in competition as home sales in May increase by 27% year-over-year with fewer listings on the market. 3,669 homes were sold in the San Antonio area, as inventory decreased by 2.0 months to 1.3 months. Home sales averaged $341,853 with a median price of $282,400. 

“Home sales have continued to outpace last year and inventory still remains low at just 1.3 months available,” said Cher Miculka, SABOR’s 2021 Chairman of the Board. “Homebuyers need to be prepared to move quickly on a home they are interested in.”

In May, there were 4,148 listings in San Antonio, and homes averaged around 33 days on the market.

The fast-paced market across the Central Texas area shows no…

Things are still moving quickly in the San Antonio housing market, even as experts point to a shift. Homes spent an average of 31 days on the market, which is 7 days less than in April 2021.

According to data from the San Antonio Board of REALTORS® (SABOR), the month of April showed a slight dip in home sales for the San Antonio area (which mirrors what we are seeing in Austin). 3,255 homes were sold in April 2022 compared to 3,524 in April 2021, which is a 7.6% decrease. The average home price rose to $395,847, which is up 20% from April 2021 to April 2022.

The median home price also increased 23% to $338,700 from April 2021 to April 2022. Active listings were up 9% with 4,800, and pending home sales were down 2% with 3,290, both of which point to…

Compared to July 2020, home sales in the San Antonio area decreased slightly from 4,285 to 3,885 with pending sales at 3,249 pending sales and new listings at 4,859. Home sale prices in July averaged $353,811 with a median price of $298,400.

According to the San Antonio Board of Realtors, the decrease in sales does not mean that the market is slowing down any time soon. Traditionally, late summer is a slower time to sell—and SABOR found that this data held true this year for other counties in the Central Texas area such as Bexar, Harris, Travis, and Dallas.

If you’re a seller, this slight dip does not signify a permanent cooldown—now is still the ideal time to put your home on the market. Use our estimator tool to see what your home is worth.

Whether…

If you’ve been following the Austin housing market for the last year, you’ve probably heard about the city’s drastic home price increases and low inventory that resulted in hundreds of buyers bidding on the same home. That tone is beginning to change as less competition and fewer multiple offers indicate market stabilization is on its way to the Live Music City Capital of the World.

According to the Austin Board of Realtors, residential home sales in the Austin MSA declined 9.9% to 4,041, the median sales price jumped 37.1% year over year to $480,000, and sales dollar volume increased 20.7% year over year to $2,409,491,114. 

If you’re a buyer, now is the time to take advantage of the slower pace the last few weeks of Summer brings. Check out our current…

Home prices in the Austin-area are no longer increasing as significantly as they were at the beginning of the year. Yet, the month of August set a record with a median home sale price of $470,000.

Home sales decreased 4% in August compared to this time last year indicating the market is calming despite continued gains in sales price. Sales dollar volume increased 18% year over year, and the monthly housing inventory dipped 0.3 months to 1.0 months of inventory compared to August 2020—the highest level of inventory since October 2020.

“August’s housing activity is closer to what we would typically experience in the fall,” says 2021 ABoR President Susan Horton. “Homebuyers, sellers, and renters should work with a REALTOR® who can be a trusted advisor and…

There are several factors that have contributed to the Austin area housing market boom over the past two decades, but the Austin Chamber of Commerce connects the continued job growth and a flourishing economy as the main driver for the increased demand. According to the Austin Board of Realtors, home sales in the Austin area decreased 5.1% compared to September 2020 as the median sales price of $450,000 set a record for the month of September.

Monthly housing inventory dipped 0.1 months to 1.1 months of inventory and homes spent an average of 17 days on the market—down 22 days when compared to September 2020.

“Tesla moving its headquarters here has cemented Austin as a hub of the tech and innovation industry with the potential for limitless…

2021 has been a record-breaking year of all-time highs for the Austin area because we are one of the most desirable housing markets in the United States. But with the market continuing its calming trend, we’re beginning to see a glimpse into what buyers and sellers can expect going forward.

According to the Austin Board of REALTORS® (ABoR), the median sales price grew 24.7% year-over-year to $455,000—setting a record for the month of October. New listings increased 0.9% to 3,777 while active listings decreased 0.5% year-over-year to 3,475. Monthly housing inventory dipped 0.1 months of inventory to 1.0 months and homes spent an average of 20 days on the market, down 16 days when compared to October 2020.

“More new listings are hitting the market, a…

That’s a wrap! The December 2021 data for the Central Texas housing market is out, courtesy of the Austin Board of REALTORS® (ABoR). As we move forward with new real estate goals in 2022, one key to greater understanding is looking at where the market has been.

“In 2021, we lived through the most exciting, complicated, fast-paced, and record-setting housing market in Austin’s history,” said 2022 ABoR president Cord Shiflet.

More homes were sold in the Austin area than ever before in 2021. But December did show a slight dip in home sales compared to December 2020. This is due to the fact that many people take their homes off the market during the holiday season, according to American Home Shield.

Compared to December 2020, median home prices…

With a variety of things still up in the air like the future of interest rates and the speed at which the supply chain will bounce back to pre-pandemic health, becoming informed on the market information available is a great way to make educated real estate moves in 2022. 

The red-hot market of 2021 was at times stressful for buyers looking to purchase a home as well as developers facing supply issues, but many in the market are feeling positive about the tone of this year. 

“REALTORS® are optimistic about what this year could bring and looking forward to what will hopefully be a year filled with opportunity for homebuyers, sellers, and developers alike,” said 2022 ABoR president Cord Shiflet. “Working with a REALTOR® that understands the complexities…