NOW, HERE'S THE NEWS
According to a recent artice by Tricia Lynn Silva in the San Antonio Business Journal "San Antonio's housing market showed impressive gains in April according to the San Antonio Board of Realtors (SABOR)."
With an average home price of $193,560 and an 8% home price increase from April 2011, the Alamo City is cited as a shining example of a strong realty market.
Other key indicators are a 7 percent increase in the median home price compared to April last year - from $147,300 to $157,400.
FNC Inc. - a real estate information technology company - is cited in Tricia's article. FNC tracks price trends in the nation's 100 largest realty markets. According to FNC, only two of the markets have markedly improved since 2007. They are Houston and San Antonio.
The intensity of this year's aggressive market condition is evidenced by reports of multiple simultaneous offers for better listings, slower processing times for loans, and competition at the title companies for the best closing appointment times.
How long will San Antonio's really hot realty market last is anybody's guess, but, typically, the area's realty sales high season is over by the 4th of July. If the current trend continues, the exceptionally active sales season may last into the fall months.
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