San Antonio’s October 2009 sales jump

December 1, 2009

October 2009 posted 24 percent more than October 2008.  There were 1760 homes sold this October in San Antonio, which is much higher than the 1423 from last year.  The real story is October was also 2 percent above October 2007.  There has not been any positive percent increases for the two year periods in 2009.  Overall, October did have the lowest number of sales since May 2009, but at least they are starting to have consistent yearly gains.

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 1,039 -0.35 178,900 0.02 142,500 -0.02 13,137 0.04 12.643
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 -0.4 184,800 0.08 145,900 0.04 12,349 0 14.376
2009 Feb 1,156 -0.25 -0.32 175,000 0.03 142,300 0 12,622 0 10.918
2009 Mar 1,372 -0.2 -0.36 172,000 -0.04 143,800 -0.03 12,807 -0.02 9.334
2009 Apr 1,499 -0.14 -0.29 180,900 -0.02 148,000 -0.03 12,690 -0.06 8.465
2009 May 1,664 -0.13 -0.33 184,100 -0.01 151,600 0 12,601 -0.08 7.572
2009 Jun 1,953 -0.07 -0.2 189,400 -0.02 156,100 -0.01 12,516 -0.1 6.408
2009 Jul 2,040 0.08 -0.14 186,000 0 158,400 0.03 12,413 -0.12 6.084
2009 Aug 1,790 -0.01 -0.26 180,300 -0.02 147,500 -0.02 12,224 -0.12 6.829
2009 Sep 1,578 -0.05 -0.16 174,500 -0.01 146,700 0.02 11,865 -0.13 7.519
2009 Oct 1,760 0.24 0.02 166,300 -0.1 138,600 -0.04 11,583 -0.14 6.581
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

Average and median prices, unfortunately, posted losses.  San Antonio might be selling more homes, but the homes may only be selling because they are priced so low.  The average home price of $166,300 is 10 percent lower than last October’s $184,500.  The median price of $138,600 was 4 percent lower than the $144,300 seen last October.

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