According to FNC Incorporated, a respected real estate information and analytics company, San Antonio area home prices are rising moderately, but steadily.
- Between September 2011 and September 2012, Alamo City area home prices rose 1.1 percent, however, between January through November 2012, prices rose 2.3%.
- A respected local new home sales analyst, Jack Inselmann of Metrostudy, recently said, “San Antonio has done comparatively well considering the challenges and I expect the new home market to continue to improve in 2013 ... .”
- Recently, Steven Gragg, 2013 Chairman of the San Antonio Board of Realtors® (SABOR) presented a very favorable summary of current San Antonio home market conditions. He reported that, as of the November 2012 SABOR market analysis, homes are selling much quicker than a year ago -- 83 days average in November 2012 vs 98 days average in November 2011.
- As of January 2013, there is an exceptionally low inventory of homes listed in the SABOR Multiple Listing Service (MLS). For the time being, this factor has created a strong home seller's market, however the post holiday season usually sees an influx of new listings. If this year follows suit, a balancing effect is anticipated, producing a spring season sales environment favoring neither buyers or sellers.
- Visit sanantoniohomequest.com for more realty news, our premier listings search engine, and reliable San Antonio home sales information, advice, and assistance.
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