San Antonio Real Estate Market Report April 2008
May 23, 2008
San Antonio’s housing market continues to slow, with fewer home sales for the 12th straight month when compared to the same time last year. While sales may be down, home values continued to rise at a healthy pace.
Existing home sales dropped 17 percent in April to 1,681 sales compared with 2,017 sales in April 2007, according to the San Antonio Board of Realtors.
But home prices did appreciate, rising 5 percent to hit $155,300 from $148,400 in April 2007.
That’s still better than the rest of the nation, where overall sales for existing homes dipped 23.8 percent in February (the most recent figures available) and where the median home price fell 8.2 percent, according the National Association of Realtors.
In addition the average price per square foot for the San Antonio Market increased 3 percent to $89 from $87 last year. Average Days On Market(DOM) is at 88 days and San Antonio had a total of 12,811 active listings at the end of April 2008.
Source: SABOR
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