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    San Antonio’s housing market heats up in June

    june 2015 saborThe San Antonio area experienced its largest increase of home sales in June with 2,925 homes, according to newly released figures by the San Antonio Board of Realtors (SABOR).

    This is an 18 percent increase in sales over June 2014 and the largest number of sales in a single month this year.

    The average sales price rose five percent in June over the same period a year ago to $242,588. The median price edged up six percent to $200,900.

    “Our market has been favorable to sellers this year as prices keep growing and length of time to sell a home continues to shrink,” said Mary Ann Jeffers, SABOR’s 2015 chairman of the board. “In June, homes sold for 97.8 percent of list price and price per square foot shot up to $108, a four percent increase from last year. It’s a prime market for sellers.”

    San Antonio isn’t the only housing market that is experiencing brisk sales. According to Fannie Mae’s recent National Housing Survey, 52 percent of Americans said that now is a good time to sell their homes. This is the first time this metric has risen above 50 percent.

    For buyers, there are still opportunities to find affordable homes in San Antonio. Homes priced under $200,000 continued to make up the majority of sales during the month of June. Some 49.74 percent of homes sold in San Antonio were in this bracket. Homes priced between $200,000 and $500,000 made up 44.41 percent of this month’s sales. Homes over $500,000 made up 5.88 percent of all sales.

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