November 2007 San Antonio Realty Market Report
November 28, 2007 | Leave a Comment
This is typically the slow season for San Antonio realty sales. Usually, during fall and early winter, sales are slow, inventory rises, and prices drop. This year is no exception, however the price and inventory drops haven’t been particularly dramatic. Basically, the market is relatively stable and only weakly favors buyers.
Although not totally immune to national realty market trends, San Antonio has, so far, been only minimally influenced by the country’s mortgage market mess and realty market down turn. Currently, San Antonio’s buyers and sellers are both in relatively good positions. Although resale homes continue to hold much of their value, a buyer can still get a good deal, especially in the new home market where builders are eager to sell their inventory before the end of the year. Although new home builders won’t usually haggle on price, they might throw in additional incentives to move a property.
In December, the situation might change more dramatically in favor of buyers. It’s too early to tell.
Here are the market stats for San Antonio single-family detached home listings as of 20 November 2007.
active listings: 12269 - stable - neutral for buyers and sellers, except for new construction homes, where the advantage goes to the buyer
average list price for most recent sales: $185,047 decreasing gradually - good for buyers
average sale price for most recent sales: $178,448 decreasing gradually - good for buyers
average days on the market for most recent sales: 74 and 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.
The SanAntonioHomeQuest.com Realty Solutions Team
Stephanie & Randy Kelley & Jennifer Gill
Realtors®
Legacy Group - Keller Williams
(800) 201-9145 or (210) 867-8743 or (210) 863-2661
