Sales of existing San Antonio homes increased 28 % in March, compared with March, 2009, as more than 1,700 homes sold, according to the latest data from the San Antonio Board of Realtors. More than 3,700 resale homes have changed hands in the first quarter of the year, up 12 % from the first quarter of 2009.
There were 1,849 pending sales at the end of March. Those are homes which are under contract but haven't yet closed. It was the highest number since August 2007, and the San Antonio Board of Realtors is hoping it's another sign that the market is warming up for the traditional spring and summer sales season. Homes were taking an average of 90 days to sell in March, compared with 103 during March, 2009.
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