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Winter home sales warm up San Antonio; inventory coolsWinter home sales warm up San Antonio; inventory coolshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=21332014-12-18T12:43:00Z2014-12-18T08:46:00Z

SAN ANTONIO - According to the San Antonio Board of Realtors (SABOR), the local housing market had 3.9 months worth of housing inventory in stock in November, the lowest it's been since January.

A balanced market is usually around a six-month supply.

Lisa Sinn, a local real estate agent, said that due to the competition among buyers, homeowners selling their houses are getting multiple offers at closer asking prices.

"Usually winter is the slowest time of year but this fourth quarter has been busy," Sinn said. "Generally I tell people to hold out until February or March to sell their homes because that's when the buyers are out, but the buyers are out now."

SABOR reported 1,694 homes were sold in November, a slight increase when compared to the 1,642 homes sold in the same month last year.

The average price of a home sold in November was $225,674, compared to $215,628 in November 2013.

Angela Shields, president and CEO of SABOR, expects those numbers to continue climbing. "With our warm weather and healthy job market, we expect to keep seeing a strong housing market here," Shields said.

Read more at the San Antonio Business Journal.

tag: San Antonio housing

San Antonio Business Journal
San Antonio-New Braunfels
Housing
http://www.bizjournals.com/sanantonio/news/2014/12/17/winter-home-sales-warming-up-as-san-antonios.htmlRead more at {Source}

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