For the month of October, the San Antonio Board of Realtors shows a 6% increase in the price of homes as compared to one year ago, evidence of the fact that our local market has held strong in relation to other areas of the country. Homes have stayed on the market longer by an average of 13 days. And we had a lower volume of sales compared to one year ago, but only by 149 sales. Below is a partial MLS Report for October 2008 for single family residential homes:
Sales Sales Year Ago
1,413 1,662
Average Price Avg. Price Year Ago
$184,909 $174,461 (Change is 6%)
Price/SF Price/SF Year Ago
89 86
DOM DOM Year Ago
87 74
Source: San Antonio Board of Realtors
Sweet! Lets hope this becomes a epidemic from San Antonio to Houston, then around the globe. San Antonio has been fortunate and stable through all of this. Very cool to read.