A total of 26,058 homes were sold in the San Antonio-New Braunfels metropolitan statistical area during the first three quarters of 2019, a 4.5% increase from the previous year.
Additionally, the San Antonio-New Braunfels MSA saw a 3.6% increase in average home sales price year over year to $270,374, the SABoR said.
“Home sales are still outpacing previous years, which is good news for sellers,” SABoR 2019 board Chair Grant Lopez said. “But there is still a lot of opportunity for buyers too. In fact, September reported over 10,000 listings actively on the market in the metropolitan area. That means there are still a lot of properties available.”
The San Antonio-New Braunfels MSA also saw an increase of 3.6% in median home sale price to $233,000, and market inventory remains low at 3.7 months available, according to the SABoR.
Statewide, home sales increased 3.2% during the first three quarters of 2019 for a total of 255,490 homes sold. Meanwhile, median home sales price increased statewide by 3.2% to $242,500, and the average home sales price increased by 2.9% to $294,294.
Homes in the state of Texas were on the market an average of 58 days during the first three quarters of 2019.