DATA: New Braunfels home sales continue to outpace previous year

Third-quarter figures provided by the San Antonio Board of Realtors show the number of homes sold and the average price of homes sold continue to rise in the New Braunfels area.

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.
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