"In October, home prices fell moderately from the month before, with a median listing price of $294,500. The number of listings on the market remained practically unchanged from last month, which is typical for this time of the year in San Antonio, and homes are also selling slower than at the same time last year. Home prices in San Antonio Typically, home price per square foot in San Antonio tend to rise in October."
"But the most recent data shows that the price per square foot decreased by 0.7% compared with the month before. So, how does this compare with the rest of the U.S? Nationally, home price per square foot decreased 0.8%, which means price changes in the Alamo City are keeping pace with the national market. In October, there were 7,531 homes for sale in San Antonio, which was 0.3% more than the month before and 16.8% more than the same time last year."
"Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001. Time on market Homes in San Antonio take an average of 70 days to sell, according to October figures. This is the same as the previous month and five days more than the same month last year. For comparison, nationally homes spent an average of 63 days on the market in October."
Median listing price in San Antonio was $294,500 in October, reflecting a moderate month-over-month decline. Price per square foot decreased 0.7% compared with the prior month, while national price per square foot fell 0.8%. Active inventory in San Antonio reached 7,531 homes for sale, a 0.3% increase month-over-month and a 16.8% rise year-over-year. National active inventory remained essentially unchanged at 1,100,001. Homes in San Antonio averaged 70 days on market in October, unchanged from the previous month and five days longer than a year earlier, compared with a national average of 63 days.
Read at SFGATE
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