San Antonio market continues trend of decline over previous year

June 28, 2009

San Antonio had 1,689 home sales during May 2009.  This is down 13 percent from last May, though it is the highest number of sales during a month in 2009.  Each month over the past two years has shown a drop off from its prior year’s counterpart.  May is no different, as May 2008 had 1,909 sales and May 2007 had 2,478.  There is a 33 percent drop off from May 2007.

Year	Month	Sales	1 Yr Change	2 Yr Change	Average Price	% Price Change	Median Price	% 1 Yr Change	Active Listings	% 1 Yr Change	Months of Inventory
2007	Jan	1,421			169,200		142,400		9,696		6.823
2007	Feb	1,701			175,800		143,100		10,388		6.106
2007	Mar	2,139			173,800		145,700		10,785		5.042
2007	Apr	2,107			180,400		145,000		11,563		5.487
2007	May	2,478			180,400		147,200		12,256		4.945
2007	Jun	2,443			193,200		157,200		12,718		5.205
2007	Jul	2,372			184,700		152,300		12,946		5.457
2007	Aug	2,409			186,800		151,500		12,857		5.337
2007	Sep	1,885			178,100		146,600		12,884		6.835
2007	Oct	1,722			172,300		144,400		13,103		7.609
2007	Nov	1,591			176,000		145,000		12,578		7.905
2007	Dec	1,689			181,600		148,500		11,843		7.011
2008	Jan	1,235	-0.13		171,500	0.01	140,400	-0.01	12,368	0.28	10.014
2008	Feb	1,546	-0.09		170,600	-0.03	143,000	0	12,631	0.22	8.17
2008	Mar	1,723	-0.19		179,900	0.04	147,900	0.02	13,091	0.21	7.597
2008	Apr	1,744	-0.17		185,100	0.03	152,300	0.05	13,479	0.17	7.728
2008	May	1,909	-0.23		186,800	0.04	151,700	0.03	13,640	0.11	7.145
2008	Jun	2,096	-0.14		193,600	0	157,800	0	13,871	0.09	6.617
2008	Jul	1,890	-0.2		185,500	0	153,400	0.01	14,088	0.09	7.453
2008	Aug	1,799	-0.25		184,500	-0.01	150,200	-0.01	13,814	0.07	7.678
2008	Sep	1,654	-0.12		176,800	-0.01	144,500	-0.01	13,618	0.06	8.233
2008	Oct	1,423	-0.17		184,500	0.07	144,300	0	13,541	0.03	9.515
2008	Nov	1,038	-0.35		179,700	0.02	142,600	-0.02	13,137	0.04	12.656
2008	Dec	1,309	-0.22		177,600	-0.02	141,400	-0.05	12,281	0.04	9.381
2009	Jan	856	-0.31	-0.4	184,500	0.08	145,300	0.03	12,349	0	14.426
2009	Feb	1,153	-0.25	-0.32	175,100	0.03	142,400	0	12,622	0	10.947
2009	Mar	1,355	-0.21	-0.37	172,200	-0.04	144,000	-0.03	12,807	-0.02	9.451
2009	Apr	1,475	-0.15	-0.3	181,200	-0.02	147,800	-0.03	12,690	-0.06	8.603
2009	May	1,658	-0.13	-0.33	184,400	-0.01	150,700	-0.01	12,601	-0.08	7.6

Home prices were also down from May 2008.  The average and median home prices dropped 1 percent from May 2008 to $184,400 ad $150,700 respectively.  These prices are also the highest for 2009, which has been a dismal year, but they are still inconsistent with the prices San Antonio saw during 2008 and 2007.

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