San Antonio real estate market has best numbers in Texas

September 9, 2009

San Antonio is the only major real estate market in Texas to experience an increase in July 2009 compared to July 2008.  There were 2040 homes sold in July 2009, which is 8 percent higher than the 1890 sold in July 2008.  The two year numbers are more consistent with the rest of the state, as the city experienced a 14 percent decline.  July 2009 has the highest sales since August 2007, and is the sixth straight month to see an increase in sales from the previous month.

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 1,655 -0.12 176,800 -0.01 144,500 -0.01 13,618 0.06 8.228
2008 Oct 1,423 -0.17 184,500 0.07 144,300 0 13,541 0.03 9.515
2008 Nov 1,038 -0.35 178,900 0.02 142,400 -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 859 -0.3 -0.4 184,600 0.08 145,700 0.04 12,349 0 14.376
2009 Feb 1,155 -0.25 -0.32 175,000 0.03 142,200 -0.01 12,622 0 10.928
2009 Mar 1,371 -0.2 -0.36 172,000 -0.04 143,800 -0.03 12,807 -0.02 9.341
2009 Apr 1,498 -0.14 -0.29 181,000 -0.02 148,200 -0.03 12,690 -0.06 8.471
2009 May 1,643 -0.14 -0.34 184,100 -0.01 151,300 0 12,601 -0.08 7.669
2009 Jun 1,917 -0.09 -0.22 189,300 -0.02 155,600 -0.01 12,516 -0.1 6.528
2009 Jul 2,040 0.08 -0.14 185,100 0 156,900 0.02 12,413 -0.12 6.084

The average home price was consistent with July 2008.  Both were at $185,100. The average price dropped from June 2009, but is the second highest since June 2008 (tied with July 2008, of course). The median home price increased 2 percent from July 2008 to $156,900.  This is the highest median price seen since June 2008.

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