November Home Sales Outpace 2016

San Antonio Board of REALTORS Reports on Increasing Sales, Prices in November Housing Market

San Antonio – It may be getting cold out, but home sales are still hot in the San Antonio area. November reported a seven percent increase in sales compared to 2016, with a total of 2,324 homes sold during the month according to the Multiple Listing Service Report (MLS) from the San Antonio Board of REALTORS®(SABOR) which reports on all areas contained within the MLS. The average sales price also rose seven percent to $256,253 and the median climbed nine percent to $216,900.

Since January, more than 28,000 homes have sold in the area, a four percent year-over-year increase, while the average and median prices have also grown when compared to last year. We had over 150 more homes sold in November 2017 than in 2016, and over 1,000 additional homes sold this year to date,” said Yvette Allen, SABOR’s 2017 Chairman of the Board. “All signs point to this being our biggest year yet in real estate.

Half the homes sold in November were priced between $200,000 and $500,000 while homes priced under $200,000 made up almost 44 percent of the market’s sales. Homes priced over $500,000 accounted for six percent of the month’s market. Since January, only the months of May and November have reported more than six percent of sales in this high-end bracket.

In other parts of Texas, sales in Travis County in November decreased 1.3 percent year-over-year with a median price of $341,000. Sales in Dallas County rose 3.1 percent with a median sales price of $230,000 and sales in Harris County increased seven percent with a median price of $215,000. For comparison, sales in Bexar County rose 5.8 percent with a median sales price of $204,900.

San Antonio is fortunate to have so much diversity in the properties available here,” said Gilbert Gonzalez, SABOR’s interim CEO. Whether you’re looking to own a house in the suburbs, buy a condo downtown or move into an apartment in the city, there really is something for everyone.

In Texas, a total of 24,021 homes were sold with the median price increasing 3.7 percent to $223,000. The average price inched up three percent to $273,958 while days on market remained low at just 61 days.

SABOR Multiple Listing Service Report: Home Sales Recap

November 2015
Total Month Sales: 1,721 (2% increase)
Average Price: $217,456 (3% decrease)
Median Price: $183,400 (1% decrease)

November 2016
Total Month Sales: 2,168 (23% increase)
Average Price: $238,516 (10% increase)
Median Price: $199,900 (9% increase)

November 2017
Total Month Sales: 2,324 (7% increase)
Average Price: $256,253 (7% increase)
Median Price: $216,900 (9% increase)

*Percentage increases are based on a year-over-year comparison.

About SABOR:

The San Antonio Board of REALTORS® is the largest professional trade association in San Antonio and represents over 10,500 REALTOR members. SABOR’s membership services nine counties including Bexar, Atascosa, Frio, Karnes, Kendall, LaSalle, McMullen, Medina and Wilson. SABOR is one of over 1,200 local boards and 54 state and territory organizations of REALTORS® nationwide that make up the National Association of REALTORS ® (NAR).

http://realestate.sabor.com/pages/pr-121317