The opening of this year's holiday season sees the closing out of the most active San
Antonio home sales market since the record breaking 2006 home sales year.
Although December is typically the low season for realty activity in-and-around the Alamo city, if the current trend continues, our market promises to produce a near historic high number of home sales for December.
Although there are many factors contributing to the upward home sales trend, there is universal agreement that the prime reason for our robust residential sales market is the economic boom created by the nearby south Texas Eagle Ford shale oil and gas play.
As seen by the following key indicators, San Antonio's healthy oil driven economy has had a dramatic effect on area home sales.
As of 8 December 2013, compared to 8 December 2012 -
- the number of homes under contract is up 2.79%,
- the average home list price is up 13.63%,
- the most recent average home sale price is up 8.91%,
- the average time to sell a home is down 11.93%,
- the homes for sale inventory is down 10.8%.
So, what does this mean for San Antonio area home sellers and buyers this month, through the winter, and into next spring?
Although industry analysts see the data as reflecting a housing market very strongly favoring sellers, buyers can take heart in knowing that mortgage interest rates remain low and the average quality San Antonio home remains highly affordable when compared to a comparable home in the nation's other large metropolitan area markets.
That's all for our December, 2013 San Antonio realty market report other than our wishing you a merry Christmas, happy holidays, and happy new year.
We're Stephanie and Randy Kelley, Realtors® at Keller Williams Legacy, San Antonio, Texas.
We encourage reader comments and recommendations about how to make our reports more informative and useful.
Please visit our sanantoniohomequest.com website for reliable residential realty advice and assistance and a fast and easy residential listings search engine.
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 (Randy) or (210) 867-8743 (Stephanie).
Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.
SanAntonioHomeQuest.com
Realty Solutions Team
Randy & Stephanie Kelley
Realtors®
Keller Williams Legacy
(210) 867-8743 (Stephanie)
(210) 863-2661 (Randy)
Visit Our Other Blogs At:
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