September proved to be an exceptional month for home sales in San Antonio.
According to the San Antonio Board of REALTORS, 2,031 homes were purchased in September, which was a 20 percent increase from September 2012.
In September, homes spent an average of 70 days on market and 97 percent of homes were sold for the listing price, SABOR said.
The average price in San Antonio of a home sold in September 2013 was $205,728 and the median price was $168,700, which are seven percent increases from the same month in 2012.
“Given where we are today, and that homes are taking 70 days before they go into contract, is amazing,” said San Antonio realtor, Monique Bordelon. “You can expect to pay 97 percent or more for that house. If you want that house, you can expect to pay list price. You're not going to get bottom dollar.”
Year-to-date, the average also increased by seven percent to $207,103 and the median grew by six percent, to $169,900.
According to the National Association of REALTORS, the Texas housing market largely avoided the crisis other states experienced over the past few years, crediting Texas’ vibrant job market and growing population.
Texas has also seen substantial declines in foreclosure notices filed.
According to Realty Trac, between July and September, Texas experienced a decline of 44.6 percent in foreclosure filings, compared to 29 percent nationwide.