San Antonio: home prices rise, market remains affordableSan Antonio: home prices rise, market remains affordablehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=9972015-05-19T14:28:00Z2015-05-19T00:00:00Z

SAN ANTONIO - Single-family home sales reported a 13 percent year-over-year increase in April, according to the San Antonio Board of Realtors (SABOR).

The majority of these homes were priced under $200,000, indicating that the local housing market remains affordable.

The average number of days spent on the market plunged 18 percent to just 59 days, while months of inventory rose slightly to 3.8 months in April, compared to 3.6 months in March.

The average price of a home sold in San Antonio was $224,426, an increase of 6 percent, while the median price of a home sold rose 7 percent to $189,300.

“Though our prices continue to show increases and our supply remains low, San Antonio is still an affordable market compared to what we are seeing nationally,” said Mary Ann Jeffers, SABOR’s Chairman of the Board. “During first quarter, the national median sales price for existing single-family homes was $205,200 while San Antonio’s was just $184,200.”

Click for April 2015 SABOR stats.

San Antonio Market Research, San Antonio NewsTalk

San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/blog/morning-edition/2015/05/san-antonio-home-prices-climb-once-again-in-april.htmlRead more at {Source}

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