Relocating to San Antonio | July prices increase in the San Antonio market

Aug. 17th, 2010

July prices increase in the San Antonio market

For Immediate Release:

San Antonio Board of REALTORS® releases July 2010 real estate statistics

San Antonio, TX – August 17, 2010 - According to the July 2010 Multiple Listing Service report by the San Antonio Board of REALTORS® (SABOR), July median and average prices rose due to the number of sales above $500,000 and fewer sales under $200,000. For the month of July, the number of sales was down from last year at 1,491 compared to 1,987 a year ago.

“Even though the number of sales was down for the month, we are still up by six percent year-to-date” said Marietta Alba, the San Antonio Board of REALTORS® 2010 Chairman of the Board. “The year-to-date statistics show a more accurate representation of the trends happening in the San Antonio market.”

Nearly six percent of sales were above $500,000 this month. Over sixty-two percent made up the number of sales below $200,000.

“A lot of first-time homebuyers took advantage of the tax credit earlier in the year,” said Angela Shields, SABOR CEO. “Though we are still in our peak season of buying and selling, many people capitalized on the tax credit offers in the springtime months which may have helped offset the number of sales this month and affected the average and median prices.”

Shields continued, “Job growth, year-to-date price stability and affordability, as well as interest rates continue to make it a good time to buy and sell a home. San Antonio has remained a stable market throughout the recession, and we expect it to continue that trend in months to come.”

About the Company:

The San Antonio Board of REALTORS® is the largest professional and trade organization in San Antonio and represents over 7,000 REALTOR® members. SABOR is one of over 1,600 local boards and 54 state and territory associations of REALTORS® nationwide that make up the National Association of REALTORS® (NAR). Please visit SABOR.com for more information.

San Antonio Board of REALTORS
(210) 593-1200