2021 has started off with quite a bang for the San Antonio housing market!
Homes sales in January jumped another 22% year-on-year, following a 17% increase in 2020.
“The demand for housing typically experiences a slower start at the beginning of each year, but in seeing a consistent and quick rise in home sales, we expect a bright 2021,” said Cher Miculka, Chairman of the San Antonio Board of Realtors.
The Covid lockdown certainly happened, but one wouldn’t know it from these numbers.
Even as total sales made a remarkable leap, the median home price still rose 14% while days-on-market fell by 29% to 46 days.
Given that the year-on-year days-on-market remained virtually unchanged last January, this growth demonstrates new strength in the San Antonio area housing…
Can the generational winter weather event that just made its way through Texas slow down the Austin housing market?
Because nothing else has.
Across the Austin area, home sales dollar volume skyrocketed an astounding 53.5% to more than $1.1 billion dollars year-on-year, while pending sales increased 15.9% in January.
Despite 2,878 new listings in January, active listings dropped 73.9% across the region. Housing inventory fell 1.3 months to a record-low 0.4 months of inventory, as homes spent an average of 33 days on market—literally half of what it was in 2020.
“There is strength across every price point and demand for every product,” said Vaike O’Grady, regional director with housing market research firm Zonda.
“Despite developers building as quickly as…
The San Antonio metro continued its sizzling year-on-year growth, beating last year’s metrics in virtually every category.
With cities across the country affected by the COVID pandemic, home sales in San Antonio grew 16% on average while total sales increased by a whopping 32%—compared to “just” 7% year-on-year growth last month.
“The significant growth in sales, compared to last year, shows the housing sector as a possible factor to move the economy forward,” said Kim Bragman, SABOR's 2020 Chairman of the Board. "We are hopeful to see a positive growth of sales for the remainder of the year."
Even more amazingly, Bexar county total homes sales are screaming past other major Texas counties.
Bexar clocked in at a blistering 8.2% year on…
Effects of the COVID pandemic had Austin homeowners holding on to their homes and bringing inventory down to a record-low 1.2 months.
But tight inventory didn’t stop overall homes sales dollar volume from rising 51.5%, to go along with a 12.1% increase in median home price increase.
September can be a slower month for home sales in Austin, but with lockdown uncertainties making their impact this year, the summer sales season seems to have extended into the fall.
“The housing market is pumping billions of dollars into our region’s economy at a time it’s greatly needed, but we also need to be cognizant of the impact such rapid activity is having on record-low inventory levels and rising home prices,” said Romeo Manzanilla, the Austin Board of…