SABOR: San Antonio housing market heats up

​​​SAN ANTONIO – Last month,​​​ 3,326 homes were sold in the area, an 8 percent increase over the year, reports ​the San Antonio Board of Realtors (SABOR)​. 

Average and median home prices both grew 5 percent year over year.. The average price rose to $270,324, and the median price hit ​​​$231,900.

Inventory remained low with 3.6 months available, down slightly from the 3.7 months inventory last year. The Real Estate Center considers a six- to 6.5-month inventory a balanced market.

New listings totaled 4,532​​, over 300 more than this time last year. There were 9,531 active listings on the market. The month ended with 2,917 sales still pending.

​The majority of homes sold in the area were priced between $200,000 and $500,000, comprising 57.3 percent of the month’s market. Homes priced under $200,000 accounted for 36.6 percent, and those over $500,000 made up 6 percent of the market.

Statewide, home sales in May increased 2.7 percent for a total of 32,416 homes sold. The average price was $295,549, and the median price was $241,000. On average, homes sold in 53 days for $127 per sf.​​​

The Real Estate Center has more San Antonio housing statistics ​online.