March's average sales price jumps 10 percent compared to 2013
SA ranked No. 5 for fastest growing cities in the nation
According to the March multiple listing service report by the San Antonio Board of Realtors, the month's average sales price was $211,247, a 10 percent increase from March 2013.
"Our strongest price range has always been homes priced under $200,000," said Missy Stagers, SABOR's 2014 chairman of the board. "In March, we had 61 percent of homes in this range. Another 35 percent were in the $200,000 and $500,000, and 4 percent were priced over $500,000."
CNN Money recently ranked San Antonio No. 5 on its list of the top 10 fastest growing cities in the nation.
The report cited San Antonio's diverse economy and low unemployment rate.
In the year to date, the San Antonio numbers continue to show increases.
As of last month, the average home price rose 6 percent from last year to $203,905 and the median price increased 7 percent to $168,100.
The total number of sales as of last month was 4,709, a 4 percent increase over last year.
"Our housing inventory has remained under six months for over a year, with March reporting just 4.3 months," said Angela Shields, SABOR's president and CEO. "We encourage anyone looking to buy or sell in this market to rely on a realtor who can help them understand what is happening in their part of the guide them in making the best decision for their future."
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