It’s a lovely 14 September 2011 in San Antonio.
It’s still hot and dry but a cool front is approaching and there’s a chance we’ll see relief from our protracted heat wave and drastic drought conditions. That’s great news for the weather weary citizens of the River City.
There’s also good news for home owners and buyers. The area’s realty market is unusually active for this time of the year.
Sellers should be pleased to hear that pending home sale closings are up and the inventory of available homes is down. That means less competition.
Buyers should be happy to learn that the mid-price for homes for sale hasn’t changed much from last year’s median sales price.
Both home sellers and buyers should know that the market is drifting toward a balanced condition neither favoring buyers nor sellers.
Here’s a simple summary of San Antonio’s single family detached housing market today:
There are 11250 listings.
There 1908 home sale contracts scheduled to close soon.
The average list price of pending sales is $186,626.
The median sold price for recent sales is $149,995.
Homes are selling for 96% of their list price.
It’s taking about 132 days to sell a house. Of course, many well prepared homes are selling much quicker.
That’s all for today’s report.
We’re Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio realty or mortgage loan advice or assistance, or just want to chat a bit about the wonderful Alamo City, please call us at (210) 863-2661 or (210) 867-8743, or E-mail us at swkrealtor@aol.com or kelleybus@aol.com. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs
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