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San Antonio exercises its growth as home prices push up!San Antonio exercises its growth as home prices push up!https://www.recenter.tamu.edu/news/newstalk-texas/?Item=131672016-05-12T05:00:00Z2016-05-12T18:00:00Z

​SAN ANTONIO - A growing population, a limited supply of domiciles and low mortgage rates keep pushing up home prices in San Antonio, but at a slower rate than in recent years.

The median sales price for a home in the San Antonio metro area grew to $195,500 in 1Q2016, a 5.8 percent increase from the year before, according to a study by the National Association of Realtors. 

Prices have increased almost every month for the last couple years, raising concerns about whether San Antonio’s reputation as an affordable city is at risk. 

This year is on track to be another record one for local home sales, challenging last year’s high of 27,154 homes sold.

Housing supply in the San Antonio area has been restricted for the last few years. 

The inventory, measured by the average time it takes for a home on the market to be sold if no new homes are listed was at 3.8 months in March, well below the six months that indicates a balance between buyers and sellers. 

San Antonio Express-News
San Antonio-New Braunfels
Housing
http://www.expressnews.com/real-estate/article/San-Antonio-home-prices-continue-climb-but-at-7423786.php

​For more, see San Antonio Housing Market Research!​

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