San Antonio home sales blast through milestonesSan Antonio home sales blast through milestoneshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=108532015-10-20T05:00:00Z2015-10-20T16:00:00Z

​SAN ANTONIO - Home sales in San Antonio continue to blast through previously set milestones, but the question on everyone's mind now is just how much longer this type of growth will last.

According to the San Antonio Board of Realtors' third quarter housing report, this past summer was one of the most active buying seasons the city has every had, with increases for both sales price and volume. 

SABOR's current Chairman of the Board Mary Ann Jeffers said that in San Antonio alone, sales in September increased by another 5 percent, with the number of sales in satellite neighborhoods such as Boerne, Helotes, Leon Valley and Terrell Hills increased at least 50 percent year-over-year.

With San Antonio home sale statistics plowing through milestone after milestone, nobody is willing to bet just yet on when the market will begin to cool down. However, here are the three things to know that will help give you an idea:

Home sales — 11 percent increase: According to SABOR's 3Q report, 1,086 homes were sold within the city limits, and the surrounding markets fared just as well, if not better.

Average prices — 7 percent increase: For the first nine months of the year, the average price for a San Antonio home shot up to $232,931, equating to a 7 percent year-over-year increase. 

Median price did even better, rising an additional 8 percent to $194,100.  ​

Days on market — 59: No matter how much a home's value may rise, it doesn't mean anything by sitting on the market for months on end.

That doesn't seem to be the case in San Antonio, where inventory remains low and there's steady turnaround in the city's housing supply. ​
San Antonio Business Journal
San Antonio-New Braunfels

​Also​ see Greater ​​San Antonio Board of Realtors data​​​​.

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