Gains for February don’t make up for past year
March 28, 2009
San Antonio posted extremely positive gains on February 2009. There were 1124 home sales in February 2009. Unfortunately these sales were 27.3 percent lower than 2008 and 33.9 percent lower than 2007. San Antonio has a lot of catching up to do before they can call February a rebound month. Home sales did get back into the quadruple digits, but February 2008 was verging on 2000, not 1000, sales.
Both the mean and median prices were up over last year. The average price of $175,900 was 3.1 percent higher than 2008, but it was $9100 less than January. The median price was $500 less than January’s $143,800 at $143,300, but it was .3 percent higher than the $142,900 of February 2008.
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