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San Antonio home sales — and prices — rose in November

December 18, 2018

Home sales in the San Antonio region increased slightly in November but figures released Tuesday show the area’s housing market has slowed as prices continue climbing.

More than 2,400 homes were sold in Bexar County and surrounding counties last month, according to numbers released by the San Antonio Board of Realtors. That’s a 3.7 percent increase from November 2017 when about 2,300 were sold, and a 7.1 percent uptick from nearly 2,200 in November 2016.

“We had nearly 90 more homes sold this month from the same time last year, and 1,400 additional homes sold this year to date,” SABOR board chairman Lorena Peña said in a statement. “These year-over-year increases just go to show that buyers are still finding properties that meet their needs and there is still high demand for homes in the area.”

More than half of all homes sold in November fell between $200,000 and $499,000, SABOR data shows. Homes under $199,000 accounted for 39.4 percent of November sales while homes above $500,000 took up 5.3 percent.

Home prices have risen as growth in sales slowed. The median price for a home in the San Antonio area stood at $226,200 in November — up 4.5 percent from $216,300 during the same time frame last year. In November 2016, the median home price was $199,900.

The San Antonio region made up about 10.2 percent of the Texas home-buying market last month. Statewide, more than 23,000 homes were sold in November, down 3.1 percent from last year. But the median price for a Texas home rose 4 percent to $232,000, according to SABOR.

For the complete story, check expressnews.com later today.

Joshua Fechter is a San Antonio-based staff writer covering real estate, economic development and philanthropy. Read him on our free site, mySA.com, and on our subscriber site, ExpressNews.com. | jfechter@express-news.net | Twitter: @JFReports

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