SA Metro Home Sales Remain Strong in November

Even though this is one of the slowest periods of the year for home sales, nobody wants to be moving during the holidays, metro San Antonio homes continued flying off the shelves in November, News Radio 1200 WOAI reports.

Figures released by the San Antonio Board of Realtors show home sales in November were up 7% over November of 2016, and prices are still rising, with the average price of a home sold rising about a quarter million dollars for the first time ever.  

The median price, the point where half the homes sold for more and half sold for less, hit $216,000 in November.

SABOR's interim CEO Gilbert Gonzalez said one thing that is driving the local housing market is a wide diversity of residences for sale, with condos and apartments sprouting as homes come onto the market.

"Whether you're looking to own a house in the suburbs, buy a condo downtown or more into an apartment in the city, there really is something for everyone," he said.

Gonzalez said 2017 is shaping up to be the biggest year ever in San Antonio real estate, as the economy continues creating the jobs that lure new home buyers to the area.

SABOR pointed out that in Travis County in November, home sales actually fell, and in Dallas and Houston sales rose, but at a slower level than in San Antonio.

The average number of days on the market remains low at 61 days.

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