AP NEWS

San Antonio home sales, prices tick up amid tight market

November 14, 2018

San Antonio home sales edged up last month while prices continued to climb.

In October, 2,573 homes were sold in the San Antonio-New Braunfels metro area, a 1.6 percent uptick from October 2017, according to data from the San Antonio Board of Realtors.

The median price of a home in the metro area was $223,800, a 7.6 percent jump from a year earlier.

That’s a higher percentage increase than the statewide median price, which rose 4.8 percent to $230,500 statewide, according to SABOR.

The increase in the median price has been consistent year-over-year since 2011, said Jack Inselmann, Metrostudy’s director for the San Antonio area. Inselmann analyzes the local housing market.

“As the weather cools and families settle into the school year, it is not uncommon to see a slower pace in sales,” Chairwoman Lorena Peña said in a news release. “However, the fact that more homes continue to be sold this year from previous years underscores the strength of our local economy and demonstrates that buyers are still able to find something even in such a tight market.”

For more on October’s report and the housing market, go to ExpressNews.com.

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