May 29, 2018
Hotter than a Texas summer: Austin, San Antonio housing
AUSTIN | SAN ANTONIO – The San Antonio and Austin real estate markets are on fire.However, low housing inventories in both cities means housing is in high demand.In April 2018, 1,300...
AUSTIN | SAN ANTONIO – The San Antonio and Austin real estate markets are on fire.
However, low housing inventories in both cities means housing is in high demand.
In April 2018, 1,300 homes were sold in Austin, a 6 percent increase year-to-year.
San Antonio saw a 17 percent year-to-year spike—with 2,800 homes sold in April 2018.
Right now, if new construction came to a stop, buyers in both booming markets would buy every available home for sale in both cities in less than three months.
"You’re seeing a boom in new construction sales, and these builders cannot build them fast enough,” said Sara Gerrish with the San Antonio Board of Realtors. “I mean, they are going under contract almost immediately it seems like in these subdivisions."
Did you like this NewsTalk?
You might also like
PUBLISHED SINCE 1977
TG Magazine
Check out the latest issue of our flagship publication.