SAN ANTONIO, TX — Home sales in March increase and set the pace for peak summer selling months. More homes continue to sell, but the number of homes listed may not be enough to meet the high demand. Over 3,500 homes were sold in the San Antonio area, as inventory decreased by 1.9 months to 1.3 months. Active listings are down a staggering 72% to 4,340, and the median home price is up 12% to $268,500.
San Antonio continues to see new buyers in all parts of the growing and developing city. “Taking the pulse of the market and seeing the continued high demand, it is clear that homeownership in Bexar County and its surrounding areas remains a priority for many coming into mid-year”, said Cher Miculka, SABOR’s 2021 Chairman of the Board.
In March, new listings increased by 6% to 3,516 listings, and active listings dropped 72% to 4,304 listings. Pending sales showed a double-digit increase of 21% to 3,622.
Homes are selling faster than ever, with days on the market down 24 days year-over-year. The increase in demand and the quick-moving market has resulted in more multiple offer situations. Now more than ever, buyers and sellers need the guidance of a professional REALTOR® that understands the market and can take the lead on making the most attractive offer to get you the best deal on your transaction.
These statistics are for single-family homes, condos, and townhomes across the San Antonio Metropolitan Statistical Area (MSA). If you would like similar statistics for a specific area, property type, or price range, please contact us and tell us how we can help. Use our new market snapshot tool for a comprehensive analysis of your home’s value in today’s market, or call us for an analysis of comparable homes sold.
Don’t hesitate to list your home. Realty San Antonio has partnered with Homeward to Offer a Cash Bridge program so homeowners can make a competitive cash offer on their next home, move on their timeline, and sell their current home for top dollar.
Get a comprehensive analysis of your home’s value in today’s market using Realty San Antonio’s new Market Snapshot tool.