Archives for Market Update

Your June Market Update

 May 2020 wasn’t immune to COVID-19’s impact, but it did show promising signs. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report What kind of summer market can we expect? Well, here are last month’s stats to give you an idea of how the market is bouncing back after the initial COVID-19 shock: Week of May 4—May 10, 2020 Average sales price: $289,242 Number of homes sold: 318 Median sales price: $247,494 Week of May 1—May 17, 2020 Average sales price: $284,937 Number of homes sold: 398 Median sales
Read More

The Latest From Our Market

 Here’s what the latest numbers say about our market.   Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report   What’s going on in the real estate market?    Before the pandemic hit, things were very busy. Then we experienced a two-week slowdown around Easter before activity picked back up again. We have a lot of buyers who are buying sight unseen, and virtual walk-throughs are all the rage lately.    Here are the latest weekly numbers spanning the month of April and the first half of May, according
Read More

How COVID-19 Has Affected Our Market

 Here’s what you should know about how our local real estate market has fared amid the pandemic. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report As COVID-19 continues to impact our daily lives, I’m sharing the latest market stats and insights to illustrate how the pandemic has changed the real estate landscape. This year, there were actually more sales during the period of March 1 through April 20 than in that same stretch of 2019. We’re leveraging awesome technology like 3D Matterport tours and the ShowingTime app to
Read More

Your First 2020 Market Update

 Here’s your first market update of 2020, complete with hyperlocal analysis! Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report 2019 ended with about 35,000 sales (based on the San Antonio Board of Realtors’ MLS system). San Antonio, and Texas as a whole, are growing; there is no indication that our tremendous population growth will slow down soon. Despite the uncertainty that comes with an election year, most projections for our market this year are still positive. Sales in the $200,000 price range are lower than they’ve ever been
Read More

The Latest From Our Fall San Antonio Market

We’re still in a seller’s market here in San Antonio, but things are changing. As we make our way through the fall of 2019, our San Antonio market is changing. All year we’ve been hovering over a plateau without really going up or down, but things are starting to shift. Statistically speaking, inventory has jumped from three months to four months, and I’m guessing that it will keep rising next month. This means we’re still in a seller’s market. Once we get into the five-to-six-month range, we become a balanced market, and any inventory level above that constitutes a buyer’s
Read More