San Antonio recorded 1,561 single-family home sales in September, according to the San Antonio Board of Realtors. That's a 2 percent decrease from the total for September 2008. Pending home sales in September numbered 1,494. That's about 11 percent more than at the same time in 2008.
There is an 8-month supply of homes on the market this fall in San Antonio, declared the Board of Realtors. Prices have remained stable, around the $151,000 median at the same time in 2008. The market is considered slightly better for buyers than sellers, and a hot July and August market showed that first-time buyers in particular were purchasing homes and taking advantage of the tax credit. Homes priced lower than $200,000 were the best-selling.
In the last 30 days, according to MLS statistics, 644- three-bedroom single-family homes sold for an average price of $139,400 in Bexar County.
Four-bedroom homes, numbering 295, sold for an average price of $212,200. The average time on the market for these two major segments of the real estate market was around four months.
To the left is an "average" 3-bedroom according to the MLS, and below is an average 4-bedroom. Actually, they are both above average in that their time on the market was significantly less than the average.
These numbers right off the MLS paint a slightly different picture than the broad-brush view, since statistics vary wildly by neighborhood, price range, and area of the rather large San Antonio metro. A balanced market is considered to be one in which there is a 6-month supply of inventory. These MLS numbers don't include many new homes, of course.
Average numbers obviously don't tell the whole story, although they give us a good overview. And home buyers want a home that is above average, anyway!
Robin Rogers, Realtor, Broker-owner, ABR, TRC, CRS
Also Cat Owner, Photographer, Smartass, Aspiring World-Class Drummer
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Your are correct. My mother bought a home in SAT this month and I came down and inspected it for her and my wife an agent here in Utah came with me. On the flight home, we both commented on the prices of the properties and how it was a buyers market.
Hi Robin, I gasp when I see prices in some other areas of the country. Thankfully, you can get a lot from your money here.
Robin,
I think the market here is definitely favoring buyers as much as sellers would like to disagree. ;-)
Ann Hayden in Wildwood, MO
I'm not sure if the San Antonio market is over all favoring buyers. I think in the first time home buyer price range it may be 50/50.
I have a few first time home buyers that just cant find something they like! Price range around 145k. In some other states you couldn't even buy an out house for 145k! Let alone a 3bdrm 2 ba home.
Howdy there Robin
The buyers in your area, have it alot better than most of the ones around here.