Here are the latest numbers and stats from San Antonio’s real estate market.
We’re approaching the end of the year, so I thought it would be a great time to give you an update on our real estate market. This update will cover the latest stats from October and November. Let’s get started!
As expected, things have slowed down with the colder weather, but they’re much more active than they were in the past. We’re remaining steady at 1.7 months of inventory. In the last market update, we ticked up to 1.8, but since then, we haven’t had a ton of new listings enter the market. This may change after the new year, but until then inventory should remain low.
The average days on market for San Antonio was 29, and for the metro area it was 30. Meanwhile, the average price per square foot was $166 for San Antonio and $155.95 for the metro area. We have 3,861 new listings, 5,723 active listings, and 3,218 pending listings. Active listings in the metro area are down about 12% year to date.
The average rental price has been increasing recently. The average rental price was $1,691 per month.
For price ranges in our market, about 13.14% of homes are under $200,000, 72.6% of homes range from $200,000 to $500,000, and 14.26% of homes are above $500,000. This last bracket continues to grow as homes appreciate.
Hopefully, you found this information helpful. Stay tuned till February, when we’ll have a comprehensive market analysis of last year that should help us predict the 2022 market. If you have any questions in the meantime, please call or email me. I am always willing to talk!