November 2011 San Antonio Homes For Sale Report

If you're visiting to find homes for sales in San Antonio, visit our world class realty search engine at SanAntonioHomeQuest.com. If you want to know what's happening in the residential realty market, read on:

It's autumn in South Texas. Bright beautiful days, balmy afternoons, and cooler nights herald the approaching holiday season. Residents and tourists are out and about, delighting in San Antonio's most pleasant season.

Typically, San Antonio's residential realty market cools down with the season. It's to be expected because San Antonio's realty market runs in a predictable seasonal cycle. The lowest sales month is January, the higher sales season kicks off in March and usually peaks in June, and, after school starts in August, the market draws down in a leisurely fashion through the fall and early winter.

So far, this year's cycle has been typical, with one exception. The area has experienced a significant reduction the homes-for-sale inventory.

Currently there's approximately a 7 months supply of homes on the market - signifying a weak buyer's market. If the supply drops much lower, the market will experience a balanced market neither favoring buyers or sellers and likely causing a gradual rise in home prices.

Balancing the market is a healthy trend indicative of improving economic conditions. That's unquestionably the case in San Antonio this year.

Here's why.

Job growth is excellent and the unemployment rate is relatively low. Just south of the city, the developing Eagle Ford shale oil field is attracting new businesses and generating thousands of new job opportunities throughout South Texas. Also, the Alamo City's traditional economic generators remain strong with financial, service sector, military, bioscience, and medical establishments leading the way and showing no signs of weakening.

Barring unforeseen factors, San Antonio's realty market will likely mirror San Antonio's vibrant economic conditions - strong, resilient, & growing.

Here are the relevant market stats for San Antonio area single-family detached homes as of 5 November 2011.

There are 10771 active listings, compared to 12072 one year ago. The inventory is decreasing very rapidly. That's a good sign for home sellers.

The average sales price for the most recent closings is $181,243, compared to last year's $183,131. Because the decrease is likely seasonal and not indicative of a long term trend, it's neither a good nor bad sign for buyers or sellers.

Average cumulate-days-on-the-market (CDOM) for the most recent sales is 146 compared to 126 last year. For the time being, CDOM data remains positive for San Antonio home buyers.

Industry analysts see these data as reflecting a housing market moving toward balanced conditions. That means the market might soon favor neither buyers nor sellers.

That's our November 2011 San Antonio realty market report. We encourage reader questions, comments, and suggestions for making this monthly report more relevant and informative.

Wishing you an wonderful November and a blessed Thanksgiving, we are Stephanie and Randy Kelley, Realtors ® at Keller Williams Legacy, San Antonio. If you have questions, need San Antonio area realty or mortgage advice or assistance, or just want to chat, please call (210) 863-2661 or (210) 867-8743 or send an email to swkrealtor@aol.com or kelleybus@aol.com. Our http://sanantonohomequest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.