SA housing market strong in February, uncertain for March SA housing market strong in February, uncertain for March https://www.recenter.tamu.edu/news/newstalk-texas/?Item=240782020-03-27T05:00:00Z2020-03-27T16:00:00Z

​​​SAN ANTONIO – The metro’s housing market held strong last month following a year-over-year boom in January.

According to the San Antonio Board of Realtors, home sales rose 8 percent over the year to 2,282 homes in February. The month ended with 2,823 sales pending.

Inventory held steady at 3.2 months. The Real Estate Center considers six to 6.5 months of inventory a balanced market. 

The average home sales price was up 8 percent to $276,273 while the median sales price grew 6 percent to $238,000. 

Fluctuation in mortgage rates and uncertainty about job security and the economy due to the COVID-19 crisis will result in a slower-than-normal spring selling season, according to Meyers Research Chief​ Economist Ali Wolf.

Texas logoGet more San Antonio housing info on the Real Estate Center's website:

​​​Source: San Antonio Business Journal

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