Alamo city’s housing market ends 2012 on firm foot

SAN ANTONIO – The greater San Antonio housing market in 2012 turned in much improved numbers, according to Jack Inselmann of Metrostudy and the San Antonio Board of Realtors.

Over the 12 months ended December 31, 2012, home builders started construction on a total of 8,077 new single-family homes — a 17 percent increase from the 6,881 starts recorded for all of 2011. Closings were up as well with reports showing 7,430 completed sales for new, single-family homes — a 5 percent increase from the 7,050 closings posted in 2011.

As of November 30, 2012, homes, on average, were spending 83 days on the market — down from the average of 98 days in both November 2010 and 2011. Between January and November 2012, a total of 18,343 homes were sold in the Alamo City — a 10 percent increase from the 16,631 sales closed in November 2011.

Also on the rise in San Antonio is the average price of a home. As of November 2012, that number stood at $194,918, an 11 percent increase over the average price of $174,988 as of November 2011.