The San Antonio Market saw growth as the median price increased 3% this March compared to last year. With a total of 2,907 of closed sales and a 5% increase in sales, the market is looking good as we move into the Spring. “The fact that our prices have not skyrocketed like in other markets but rather have remained steady bodes well for the health and stability of our market, and I think you’re seeing more and more people taking advantage of that,” said Grant Lopez, SABOR’s 2019 Chairman of the Board.
With a relatively small pool of active listings, the Bulverde market did show some growth this year compared to last year. Closed sales were up 12.5% with a total of 9 during the month of March. Some good news for the market included a rise in median price by 50% to $431K and active listings were up 17.7%
The Spring Branch market entered the spring season with a strong inventory. A 7.5% rise in active listings this March compared to last year with a total of 144 active listings. The median price was up 13.1% to $385K however this growth was balanced out by homes remaining on the market 14 days longer than March 2018.
New Braunfels saw growth in inventory with 4.2 months compared to 3.2 in March 2018. Active listings were also up 32.8% with a total of 709 in March 2019. This growth of inventory could be a factor in the median price remaining at $237K a change of only 0.8% compared to March 2018. As median price stayed the same for the most part, closed sales were up 14.9%.