Spring has sprung in San Antonio, and right before Fiesta kicks off we get some news worth celebrating. The average and median home prices in the San Antonio metro went up. And so did market activity.
By March end, the average price for a home increased to $185,561. That’s up 2% from a year ago, according to the San Antonio Board of Realtors.
The median price was $155,600. Half of single-family homes sold for more than that, and half sold for less. It increased by 4% from March 2011. Also recording a 4% increase was the total number of residential home sales. It was 1,637 in March. Year-to-date residential sales totaled 3,355.
In 2011, San Antonio was named the best-performing city out of 200 metros by the Milken Institute. According to their December 2011 press release, area housing prices, which dropped less than 5% overall from their highest level, are rising again because of demand from home buyers attracted by San Antonio’s vibrant job market.
Speaking of demand, some of these folks in Market Square, tourists and locals alike, will be demanding some great Tex-Mex food and margaritas from Mi Tierra and La Margarita.
Robin Rogers, Realtor, Broker-owner, ABR, TRC, CRS

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