San Antonio home prices at record high

SAN ANTONIO – Home prices in San Antonio have climbed to an all-time high.

In May, San Antonio’s home price reached $202,500 — the first time the number has gone beyond $200,000 — according to data released by the San Antonio Board of Realtors (SABOR).

“The growth of the area — population growth, job growth. Demand for housing. Slowdown in construction. And a tight market in terms of supply versus demand,” Jim Gaines, research economist at the Real Estate Center at Texas A&M University, said in listing reasons for San Antonio’s record-breaking median home price.

"The $200,000-plus figure is a record in San Antonio. But relative to other major Texas cities, the number remains on the lower end," SABOR Chairwoman Mary Ann Jeffers said.

“It still says that our market is strong,” Jeffers said. “Our affordability is still there.”

tag: see housing under San Antonio Market Research and San Antonio Newstalk. Also see SABOR data for May.