Here’s the latest news and statistics from the San Antonio market.
Today we’re bringing you the latest stats and news about what’s been happening in the San Antonio area real estate market. As we have been for some time now, we are truly in a hot seller’s market. For those who are thinking about buying a home, you need to write strong, aggressive offers for the homes you want. If you don’t, you’ll consistently end up on the losing side of the bidding wars that are so rampant in this market.
Currently, we have 4,092 new listings on the market, which are down by 53% over last year. We also have 4,333 active listings and a total of 3,304 pending sales. The average price per square foot has gone up by 19% year over year to $154. The average rental price is $1,587, which is useful information for investors to know.
The average days on market is now down to 36 days, meaning that homes are selling 25 days faster this year than this same time last year. Homes under $200,000 are now only 17.05% of the market. Homes between $200,000 and $500,000 make up 70.8% of the market, and those above $500,000 are 12.06% of the market.
Though the market is crazy at the moment, it’s still a wonderful time to be a seller. Most homes are getting multiple offers, and it can be difficult to decide which offer to choose, but that’s why it’s important to work with a trusted real estate professional when you navigate the market.
If you have any questions about what’s happening in our market or buying/selling homes, feel free to reach out to us. We’d love to help you.