San Antonio’s housing market continues to see prices rise and sales fall, according to the San Antonio Board of Realtors. SABOR’s latest monthly report, released on Nov. 18, shows October was the seventh consecutive month for the trend.
Average and median San Antonio home prices climbed 8% year over year in October, to $382,518 and $323,190, respectively, while sales fell 19% from October 2021. These prices, however, are down from September 2022, when the average home price reached $389,752 and the median price was $337,500.
“[In October,] homes have spent an average of 44 days on the market and 95.8% have been sold for their listing price,” said Tracie Hasslocher, president of SABOR in 2022, in a statement.
“[Two hundred eighty four] homes sold for $199,999 and under, 1,534 sold for $200,000 to $399,999, and 836 sold for $400,000 or more. The month ended with 3.26 months of inventory, 2,179 pending listings, 3,978 new listings and 10,390 active listings, a 74% increase from October 2021,” Hasslocher said.
San Antonio once again remains in line with Texas as a whole, which saw a 21.2% decline in home sales in October 2022 compared to October 2021. Last month, the average home price in Texas rose 8.3 percent, while the median price rose 8.1 percent.
Bexar County, meanwhile, retains its status as the most affordable large county in the state, compared to Travis, Dallas and Harris counties, SABOR said. Bexar has a median home price of $354,231 and an average home price of $305,000.