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San Antonio Market Update: 2017 Summary

Source: SABOR
Summary of 2017

  • 2017 REPORTED THE LARGEST NUMBER OF SALES, BREAKING RECORDS FROM PREVIOUS YEARS.
  • 30,715 HOMES WERE SOLD IN 2017, A 4% INCREASE FROM 2016.
  • AVERAGE SALES PRICE: $250,251
  • “IN EVERY MONTH EXCEPT TWO, 2017 OUTPACED 2016’S TOTAL SALES FIGURES, WITH THE MOST SIGNIFICANT YEAR-OVER-YEAR INCREASE OCCURRING IN MAY WITH AN 11 PERCENT JUMP.” -SABOR*
  • OVERALL, 2017 FAVORED SELLERS: IT HAD THE LOWEST INVENTORY REPORTED IN DECEMBER AT 3.1 MONTHS.
  • THE LOWEST DAYS ON MARKET OCCURRED IN AUGUST AT 48 DAYS
  • THE HIGHEST DAYS ON MARKET CAME IN FEBRUARY & DECEMBER AT 63 DAYS ON MARKET.
  • 44.8% OF THE YEAR’S SALES WERE HOMES PRICED UNDER $200K.
  • 49.8% OF THE YEAR’S SALES WERE HOMES PRICED BETWEEN $200K-$500K
  • 5.4% OF THE YEAR’S SALES WERE HOMES PRICED OVER $500K
  • “DESPITE INCREASED DEMAND, SAN ANTONIO’S HOUSING MARKET CONTINUES TO BE AMONG THE MOST AFFORDABLE OF THE LARGE METROS IN THE STATE. WE ARE VERY FORTUNATE TO LIVE IN A CITY WITH A STRONG ECONOMY AND BOOMING JOB MARKET THAT HELP KEEP OUR HOUSING MARKET STABLE,” SAID GILBERT GONZALEZ, SABOR’S INTERIM CEO.  -SABOR*

*SOURCE: SABOR – Summary of 2017

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