San Antonio Real Estate Market Report February 2008
March 26, 2008
San Antonio home sales for February drop 10 percent from 1,701 a year ago to 1,529, as well as a 0.3 percent drop in the median home price from $143,100 to $142,800, according to the Texas A&M University Real Estate Center.
The average home price drop 2.45 percent from $175,800 a year ago to $171,500.
Meanwhile, the inventory of homes in San Antonio rose in February to 12,631 total listings or 6.5 months of inventory from 4.8 months a year ago.
The San Antonio Board Of Realtors (SABOR) reported for February the average Days On Market (DOM) of 87 from 74 for last month. Also, the Price Per Square Foot drop to $69 compared to $88 a year ago.
San Antonio real estate market has changed into a buyers market and with more options to choose from, now is great time to make your move. If your one of the many home buyers on the fence, register below and find out how Trend Setter Realty could help you find your next home.
Source: Texas A&M University Real Estate Center
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[...] to the Texas A&M Real Estate center. The month’s supply of existing home inventory stood at 6.5 months at the end of February, 2008. A 6 month supply is considered a balanced inventory. There were a total of 12,631 listings on the [...]