Archives for Market Update

What’s Been Going on in Our San Antonio Market?

 Here’s the latest market news as we wrap up the first quarter of 2021. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report What’s been happening in our San Antonio real estate market over the last 30 days? We currently have 2,626 new listings on the market for a total of 4,518 active listings. Meanwhile, we have 2,560 pending listings. As of the recording of this video, we’ve seen a 15% increase over last year in the price per square foot for an average of $148. The average sales
Read More

A Year-to-Date Market Review for 2021

 What’s been going on in the 2021 real estate market so far? Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report Last year, we experienced a highly competitive seller’s market with low inventory, and to date, that hasn’t changed. This is great news for sellers, but buyers will find this to be a tough market. We currently have 1.6 months of inventory, meaning that we’re desperately waiting for houses to come onto the market. Buyers are beside themselves trying to find a property for sale in some areas. Mind
Read More

Did 2020 Prime Us for a Stellar 2021?

 Here’s a look at how our fast-paced 2020 market wrapped up. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report We’ve been assembling a truly comprehensive and highly detailed market report to be made available to you on our website; we want to start this new year off right by making sure you—the buyers, sellers, and investors in our local market—are informed as possible. Today, in the meantime, I’ll be previewing that report by sharing some of the latest statistics, all of which bode well for the year ahead.
Read More

The Latest From Our Fall 2020 Housing Market

 Here’s a look at what’s been going on in our market this fall. Looking to buy a home? Search All Homes Looking to sell a home? Get a Free Home Value Report In today’s market update, we’ll take a look at what has transpired in the market by comparing the stats from September 2019 to September 2020—the market stats for October of this year aren’t in yet, but this should give you an idea of where we are. Average price: $310,000, a 16% increase over 2019 Median price: $261,000, an 11% increase over 2019 Average price per square foot:
Read More

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