Last month was only the third month since 2011 that the Alamo City recorded a decline in home sales, according to the San Antonio Board of Realtors.
With only 2,427 homes sold last month, San Antonio home sales experienced a 2.2% decline indicating that San Antonio’s seller’s market has hit a slight speed bump. Not to worry, with the busy summer buying season just around the corner the housing market in San Antonio could still be on track to break record sales in 2017.
8,592 homes have been sold to-date, which is up 2.2% from this time in 2016. The median home price in the Alamo City has also surged by 8.4% to one of the highest priced increases over the past few years. San Antonio is still very fortunate to have a steady housing market.