Home Sales in San Antonio Took Off In October 2012

In the News From The Desk of Steven Gragg, Broker, Keller Williams Legacy, San Antonio

1. Unemployment drops in 37 states during October, the latest indication the job market is slowly recovering.  Texas and California added the most jobs in October.
2. Home sales in San Antonio took off in October.  Low interest rates and strong consumer confidence continues to the main drivers pushing up the San Antonio housing market.  Sales were up 20% over October laster year.  The median price for homes on the market in October was $159,500 - up 4% from last year.  The average sales price was $195,59a.  Year-to-date, sales are up 10.5% and the inventory of available homes for sale is about 6 months.  First time homebuyers made up 39% of sales - an increase of 2% over last year.
3. The latest job creation report shows growth both in San Antonio and the state of Texas.  October saw a record number of jobs in SA at 886,600,  with unemployment at 6.1%, Texas 6.6% and U.S. 7.9%.

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Realty Solutions Team
Randy & Stephanie Kelley
Realtors®
Keller Williams Legacy(800) 201-9145
(210) 867-8743 (Stephanie)
(210) 863-2661 (Randy)

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