Sales,
average and median prices highest in four years
San Antonio – July 11, 2012 – San Antonio home shoppers went on a
buying spree in June, sending sales volume and pricing up accounting for the
highest sales, average and median price in four years. Average and median
prices broke records while volume of sales reached the highest level since June
2008. Sales of single-family homes increased 4 percent compared to the same
month last year according to the June 2012 Multiple Listing Service report by
the San Antonio Board of REALTORS® (SABOR).
"Both buyers and sellers are reaping the benefits of an
extremely healthy and robust real estate climate in San Antonio, driven largely
by continued job gains that have been responsible for drawing many new
consumers to this market," said Liza Reyes, Chairman of the Board.
"Buyers are able to take advantage of the lowest interest rates in history
as they shop for homes, and we're also hearing accounts of sellers receiving
the asking price for their homes and even multiple offers."
Strong sales activity among homes from $200,000 and up pushed
average and median pricing. The June single-family home median price —the
figure at which half of the homes sold for more and half sold for less —rose 8
percent year-over-year to $168,800, the highest level since 2007 in San
Antonio. The average price rose 9 percent to $209,820, the highest since 2007.
June 2010
|
June 2011
|
June 2012
|
|
Total Month Sales
|
1,859
|
1,946
|
2,018
|
Average Price
|
$190,753
|
$192,514
|
$209,820
|
Median Price
|
$153,400
|
$156,500
|
$168,800
|
The number of available properties, or active listings, at the end
of June declined nearly 15 percent from June 2011. The inventory of
single-family homes dipped to 6.9 months compared to 8.3 months one year
earlier. That means that it would take nearly 7 months to sell all the
single-family homes on the market based on sales activity over the past year.
The figure is aligned with the national inventory of single-family homes of 6.6
months reported by the National Association of REALTORS® (NAR).
"We credit the strength of the housing market to San
Antonio’s continued job growth, affordability and low interest rates"
SABOR President and CEO Angela Shields said.
The San Antonio Board of REALTORS
No comments:
Post a Comment