"San Antonio's housing inventory impressively rose by 11.6% compared to the same period last year, with 6,981 active listings lighting up the market in December. While this increase slightly trailed the national growth rate of 12.1%, the city's inventory expansion invited potential buyers to explore a wealth of options. Although new listings dropped by 11.7%, the existing abundance of active listings provided an enticing array of choices, signaling a golden opportunity for those ready to dive into the market."
"In December, the median listing price in San Antonio stood at a competitive $287,500, marking a 2.5% decrease from the previous year. This more notable decline, compared to the national decrease of 0.6%, represented a compelling advantage for buyers eager to find value in the market. Furthermore, the share of price reductions was 17.5%, a slight dip from last year, suggesting that savvy pricing strategies were at play, creating a fertile environment for investment."
"Homes in San Antonio spent a median of 73 days on the market in December, aligning with the national median. While this was a modest 2.1% increase from the previous year, compared to the national rise of 5.0%, it highlighted a stable market. The steady days on market, coupled with the rising inventory, hinted at a balanced arena where buyers could negotiate while sellers had the opportunity to find the right match."
San Antonio's housing inventory rose 11.6% year-over-year to 6,981 active listings in December, slightly below the national growth of 12.1%. New listings fell 11.7% but available inventory remained abundant. The median listing price was $287,500, a 2.5% decline from the prior year, larger than the national 0.6% decrease, and 17.5% of listings saw price reductions. Homes had a median of 73 days on market, matching the national median and rising 2.1% year-over-year versus a 5.0% national increase. The combination of higher inventory and competitive pricing created advantages for buyers and viable opportunities for sellers.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]