Real estate is becoming less affordable amid rising inflation and interest rate hikes.
– The housing market in San Antonio is showing signs of slowing down as real estate becomes less affordable amid rising inflation andHome sales are down and prices are up in the San Antonio area, according to the latest statistics from the San Antonio Board of Realtors.
“In total, 3,167 homes sold in September,” said SABOR’s 2022 Chairman of the Board Tracie Hasslocher. “This is the sixth consecutive month where we see a decrease in sales.” San Antonio isn’t the only Texas city experiencing a decline — home sales were down across the state. There were 29,111 homes sold in Texas in September, a decrease of 15% from Sept. 2021., statistics show. Average home prices increased by 10% and median prices by nearly 12% from a year ago. The average price for a home sold in San Antonio in September was $389,372, SABOR reported. In San Antonio, the median price of a home was $337,200 in September. By comparison, Travis County reported a median price of $575,000, Harris County reported $326,000 and Dallas County reported $365,000. The data table below charts the median single-family home value for seven of the biggest cities in Texas using data from Zillow: Zillow uses data from public property records, tax records, recent home sales in the area, and user-submitted information to come up with an approximate market value for a home — whether it’s on the market or not. The data often differs from SABOR’s statistics because SABOR only uses data from homes that are currently listed or recently sold.
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