Monday, January 25, 2021

Bexar County's 11% increase in home sales in 2020 surpassed other major Texas counties

 

Bexar County saw the greatest percentage increase in home sales of the four largest Texas counties last year, according to the latest multiple listing system report from the San Antonio Board of Realtors.

Bexar County saw a 11.2% increase in home sales in 2020 — 27,855 homes last year compared to 24,936 in 2019. Travis County saw a 3.2% increase; Harris County saw a 6.7% increase; and Dallas County saw a 4% increase.

Across the San Antonio market, 38,448 homes were sold, up 11% from 2019. 44,376 new homes were listed last year. 3,519 homes were sold in December, up 24% from 2019 — representing a shift in the typical seasonality in the homebuying market.

“With all that 2020 brought us locally, regionally, nationwide, and worldwide, the end-of-year data certainly showed us continued growth of the housing market,” Cher Miculka, 2021 SABOR board chair, said in a news release. "Our city and surrounding areas are attractive places to own a home, both for locals and for transplants, and the numbers prove it."

The average price of homes sold in the San Antonio market rose 9% from 2019 to $294,106, with the median up 7% to $250,100. Homes took an average of 58 days on the market to sell, down one day from 2019.

The number of months of inventory available sits at 1.7 months as of December, a figure that continues to fall as demand soars and supply tightens.

By  – Reporter, San Antonio Business Journal