Wednesday, March 17, 2010

Home Sales Up, but Prices Dip Slightly

"San Antonio's home sales shook off a bit of the winter chill in February, as more buyers entered the market.  Sales of existing homes jumped 6 percent over February 2009 and were up 43 percent over a sluggish January, with 1,195 sales, according to data released Monday by the San Antonio Board of Realtors."

In an article in Monday's San Antonio Express News newspaper by Jennifer Hiller, data from the Real Estate Center at Texas A&M University and the San Antonio Board of Realtors showed that  homes in San Antonio were taking an average of 96 days to sell in February, compared with 106 during the same month the year before.  Prices remained relatively flat, with the median price at $141,900, down 1 percent from last February.

So, the real estate market in San Antonio continues to be a good news / bad news scenario for sellers.  More homes being sold, but slight depreciation in the prices. 

Looking to purchase a home in the San Antonio area?  Contact us -- we've helped over 550 buyers and sellers in our combined 37 years of experience selling San Antonio homes!

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