San Antonio home prices riseSan Antonio home prices risehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=165732017-05-16T05:00:00Z2017-05-16T16:00:00Z

​​​​SAN ANTONIO ​​–  Increased demand and low inventory gave area home prices a boost in April, with both the average and median sales prices increasing 8 percent over last year's figures, according to the Multiple Listing Service Report from the San Antonio Board of Realtors (SABOR).

“Though home sales experienced a small decrease, we saw 3,783 new listings come on the market last month with 8,845 listings active, the highest all year,” said SABOR Chairman Yvette Allen.

Total home sales dropped 2 percent in April, and inventory inched up to 3.6 months from March's 3.5 months. The price per square foot increased 7 percent to $115. The month ended with 2,538 sales still pending. 

In April, half the homes sold were priced between $200,000 and $500,000, while 44 percent were priced under $200,000. Homes priced over $500,000 made up the remaining 6 percent, with 18 of those priced over $1 million.​

Bexar County reported a total of 1,825 single-family homes sold in April, a 2.5 percent year-over-year decrease. The average price of a home sold in the county was $244,055, a 7.8 percent increase from 2016, while the median was $205,000, a 6.8 percent increase.

San Antonio Board of Realtors
San Antonio-New Braunfels
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