May 9, 2016
Packing heat: San Antonio’s home market 1Q 2016
SAN ANTONIO - Even though the state's economy is cooling off, its housing market continues to heat up and build upon years of growth.And San Antonio is ahead of it all.The...
SAN ANTONIO - Even though the state’s economy is cooling off, its housing market continues to heat up and build upon years of growth.
And San Antonio is ahead of it all.
The city’s metropolitan statistical area posted a 13 percent increase in the number of homes sold in the first quarter of the year, ahead of Austin’s 8.4 percent, Dallas’ 8.6 percent and Houston’s 3.5 percent increases.
According to the Texas Association of Realtors’ Texas Quarterly Housing Report, median home prices throughout the San Antonio-New Braunfels MSA increased, inventory plummeted and days-on-market figures dropped.
Here are the numbers behind San Antonio’s growth:
— Median home price: $191,999, up 4.4 percent from Q1 2015
— 53.13 percent of homes were priced less than $199,999 and 42.91 percent were priced between $200,000 and $499,999
— 6,401 homes were sold in the first quarter of 2016, up 13 percent from the previous year
— Homes spent an average 67 days on the market, seven days less than the previous year
— The housing inventory dropped from 3.5 months in Q1 2015 to 3.2 for the same period this year.
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