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 market and impressive resilience in the face of last year’s economic downturn.
The average price of homes sold in Bexar County for January was $281,833, with a median price for the year of $245,000. In all of Texas, the average price was $325,376, with a median of $265,000.
"Bexar County, along with the greater San Antonio areas, provide great housing options for all generations, especially while interest rates are low,” added Miculka.