There's little reason to elaborate on the good news because it has been reported by local and national media for weeks. Simply, the area's economy, demographic trends, and favorable long term growth projections reflect a large and vibrant metropolitan area with a strong, stable, and growth oriented personality.
So, is it any wonder that San Antonio is presently experiencing its most active real estate market in the last four years? Home sales are dramatically up, home values are returning to pre-recession levels, and the market has shifted to a balanced market favoring neither buyers nor sellers. And here's something of note. Because the inventory of homes for sale is unusually low, some analysts believe conditions are trending toward a seller's market for the entire San Antonio metro area and surrounding counties.
That means home sellers will expect to see offers close to their asking price and buyers can expect to encounter less seller flexibility and harder negotiations.
Historically, August heralds the end of San Antonio's realty sales high season, but, this year, it's not at all certain that home buyers and sellers will see a cooler, more casual, and less aggressive fall realty market. Only time will tell, but, in light of this year's exceptional activity, a protracted residential sales high season is a distinct possibility for San Antonio.
That's the good news for our August 2012 San Antonio realty market report. We encourage reader comments and recommendations about how to make our reports more informative and useful.
We're Stephanie and Randy Kelley, Realtors® of Keller Williams Legacy, San Antonio, Texas. If you have questions, need San Antonio area 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 email 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 and selling needs.
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