FNC: Alamo City home prices up 1.7 percent

SAN ANTONIO – Living up to its reputation as a slow and steady market, the San Antonio housing market is up 1.7 percent.

According to the residential price update released earlier this month by Oxford, Miss.-based real-estate information technology company FNC Inc., home prices in San Antonio rose 1.7 percent between March 2012 and March 2013.

On a quarterly basis, home prices rose a modest .5 percent between first quarter 2012 and 2013.

Nationally, the quarterly gain was 5.7 percent. The FNC report is based on recorded sales of non-distressed properties in the 100 largest metropolitan areas. Both existing and new home sales are included.

Read more at the San Antonio Business Journal.