September 2007 San Antonio Realty Market Report
Posted by Randy Kelley on September 7, 2007
Despite the mortgage lending mess and the bad realty press, San Antonio’s real estate market continues to buck national trends. Locally, both buyer and seller confidence remains high, bolstered by the area’s exceptionally favorable economic and demographic projections.
In August, Forbes.com ranked San Antonio as the nation’s 4th top city for home sellers. Although the average resale home list price has been slowly trending downward, most sellers will benefit nicely when they sell their property and cash out their home’s historically high-appreciated value.
Conversely, homebuyers can anticipate a solid buyers’ market as list prices fall and homes languish on the market a bit longer during San Antonio’s beautiful fall and winter months.
In summary, both buyers and sellers can take comfort in knowing that San Antonio’s realty market will likely remain both stable and reasonably priced in the near term and will fair much better than most large cities as the nation’s depressed realty market stabilizes over the coming months.
Here are the market statistics for San Antonio single-family detached home listings as of 7 September 2007.
active listings: 12326 - stable - neutral for both buyers and sellers
average list price for recently sold property: $189,480 - stable - neutral for buyers and sellers
average days on the market for recently sold property: 67 - increasing - good for buyers
If you have questions, need San Antonio area realty or mortgage advice or assistance, or just want to chat, please call or send an E-mail. The SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home ownership needs.
Wishing you a sunny September,
Stephanie & Randy Kelley, Realtors®
The SanAntonioHomeQuest.com Realty Solutions Team
Legacy Group - Keller Williams
(800) 201-9145 or (210) 867-8743 or (210) 863-2661
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