home prices | Texas Public Radio

home prices

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The idea of buying a house is exciting but daunting. Whether purchasing a first home or a forever home, wrong choices can be costly. What should future homebuyers know and to

make the process manageable and be confident about important decisions?

 

  

Brian Kirkpatrick | Texas Public Radio

The lines were long and the phones steadily rang at the Bexar County Tax Appraisal District Office on North Frio downtown. Wednesday was the last day to file a protest over the appraised value of a home or business.

American Advisors Group via Flickr Creative Commons

San Antonio area home sales should continue to surge in 2017, says one Texas economist.  Mark Dotzour, formerly of the Texas A&M Real Estate Center, told attendees at the San Antonio Board of Realtor’s annual housing forecast Thursday that home prices should continue to rise as well, driven by a housing shortage. "With thousands of people moving to San Antonio every year, the homebuilding industry just cannot keep up,” says Dotzour.

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The median price of a home in the San Antonio area went up 7 percent last year to $192,600. 

In its annual housing market forecast on Thursday, the San Antonio Board of Realtors (SABOR) also said the competition for homes was so strong houses only remained on the market for an average of 59 days.

sabor.com / San Antonio Board of Realtors

Home sales continued to outperform 2014 in the San Antonio area with August reporting a five percent increase for a total of 2,551 homes sold, according to the Multiple Listing Service Report from the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS. Average sales price reported a seven percent increase to $237,168 and median price rose eight percent to $197,100. Days on market climbed one day from last month to 50 and months of inventory remained steady at 4.0 months. To date, 18,576 homes have been sold in the San Antonio and surrounding areas.

Buying A Home In San Antonio? Be Ready To Spend A Lot More

Jun 17, 2015

If you’re buying a home in the Alamo City right now, you might just be at the receiving end of the stick in an era when it is a buyer’s dream market, in many other parts of the country. According to a report from the San Antonio Board of Realtors, home prices in San Antonio climbed to an all-time high in May. San Antonio’s home price reached $202,500 — the first time the number has gone beyond $200,000 — according to their data. The contributory factors? Population growth, job growth, a demand for housing, a slowdown in construction and a tight market in terms of supply versus demand.