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Old Posted Oct 17, 2013, 1:43 PM
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sirkingwilliam sirkingwilliam is offline
Loving SA 365 days a year
 
Join Date: Feb 2007
Location: San Antonio
Posts: 3,713



Quote:
San Antonio is truly a seller’s market.

As of September 2013, housing inventory in the Alamo City stood at 4.6 months — a six-year low for the market, according to the latest San Antonio Board of Realtors (SABOR) report.

The September report also shows that homes are on the market, on average, 70 days. Of the homes sold, 97 percent were bought at the listing price.

“We have seen our inventory getting smaller and smaller all year, making this more of a competitive market,” says Steven Gragg, 2013 SABOR chairman of the board. “Low inventory could result in sellers receiving multiple bids on homes located in prime locations or being able to sell closer to their asking price.”

In September, the average price of a home in the greater San Antonio area stood at $205,728 — up from an average price of $193,026 last September, and an average price of $189,723 in September 2011.

A total of 2,031 homes were sold over the 30 days ended Sept. 30, 2013, according to the latest SABOR analysis. By comparison, 1,686 sales were recorded last September. Two years ago, 1,576 home-sales were recorded.
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