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 signs of slowing down. Buyers, Seek guidance from a professional REALTOR® that can help you win in multiple offer situations. Homeowners, if you are considering selling, start preparing your home and find out what it’s worth in today’s market. Working with a trusted REALTOR® will help you get the best deal on your transaction.
These statistics are for single-family homes, condos, and townhomes across the San Antonio Metropolitan Statistical Area (MSA). If you would like similar statistics for a specific area, property type, or price range, please contact us and tell us how we can help. Use our new market snapshot tool for a comprehensive analysis of your home’s value in today’s market, or call us for an analysis of comparable homes sold.