The 'House for Sale' signs are going down just as quickly as they are going up in metro San Antonio, News Radio 1200 WOAI reports.
The San Antonio Board of Realtors says with home sales up 3% in February over February of 2017, fully 97.6% of metro home sellers are getting list price for their home.
"But even though the market is favorable to sellers right now with just 3.3 months of inventory available, we still continue to see a steady flow of houses come on the market which is good news for buyers," SABOR Chair Lorena Pena said.
The average home sales price in metro San Antonio jumped 6% over the past year to just under a quarter million dollars, but Pena stresses that 44% of all homes sold last month were priced under $200,000, and within the budget of many first time home buyers.
She also stressed that the average home sales price today statewide is $274,000, and pointed out that home prices up the road in Austin are even higher than that.
SABOR credits the addition of new professional-level jobs as well as the usual churn of U.S. military personnel for the robust local housing market.