The word on the street is that our real estate market has kicked of the new year very strong & busier than usual for this time of the year.
Well… The San Antonio Board of REALTORS® has just released the Housing Market Stats for January confirming this in a Big Way!
“The San Antonio housing market continues to rise, opening the year with a total of 1,249 homes sold in January which is a staggering 24 percent increase from the number of homes sold in January 2012, according to the January 2013 Multiple Listing Service report by the San Antonio Board of REALTORS® (SABOR).”
We knew things felt busier…but a 24% increase in sales year over year…WOW!
We also finished out the month with 1430 pending home sales & only 5.1 months of inventory!
The average sales price for January was $183,846 and the median price was $149,900. These numbers are up 4% & 3%, respectively.
There seems to be a lot of pent up demand & buyers are itching to get out & take advantage of the low interest rates.
This year is off to an incredible start!
If this is a pre-curser to what the year has in store for us, we should get ready for a very busy & exciting year!
San Antonio also keeps making National Headlines & was recently ranked #9 on the Forbes list of the Fasted Growing Cities, #11 for Job Growth & #13 for Best Places for Business & Careers!
Check out this Video from SABOR with the details…