San Antonio Home Sales, Prices Up Sharply in October

Even though we're entering the slow season for home sales, the San Antonio Board of Realtors says FOR SALE signs keep coming down as quickly as they go up in the metro area, News Radio 1200 WOAI reports.

In October, 2,573 homes were sold in the metro, that's up 2% over October of 2017.

97.3 percent of the homes that were sold last month sold for the list price.

And those prices keep rising.  The average price for a home sold in the metro last month jumped 7% over October of 2017, at $257,000.  That works out to an average of $123 per square foot.

“As the weather cools and families settle into the school year, it is not uncommon to see a slower pace in sales. 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,” said SABOR 2018 Chairman of the Board Lorena Peña.

The average FOR SALE sign was in the ground for 54 days before closing, that is two days less than in October of 2017.

27,300 homes have been sold in the metro area this year, on pace to set a record.


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