San Antonio Housing Market Sails into August with 3,249 Pending Sales

Home sales in July 2021 decreased slightly when compared to July 2020, from 4,285 to 3,885. However, the San Antonio market is continuing to show movement in home purchases and sales. There were 3,249 pending sales leading into August, with 4,859 new listings in July. All data was provided by the San Antonio Board of REALTORS ® (SABOR) which reports on all areas contained within the MLS.

"Looking across other metropolitan counties, Bexar, Harris, Travis, and Dallas all showed a decrease in sales this month. However, homes are being purchased more quickly, with the average number of days on the market in San Antonio at 25 days, and Bexar County at 23 days," said Cher Miculka, SABOR's 2021 Chairman of the Board. "This is more than half the time it took for homes to sell last year."

Home sale prices in July averaged $353,811 with a median price of $298,400. Comparatively, the average price in Texas was $392,429, which is 18.5 percent higher than last year. The median price in Texas increased 16.7 percent up to $315,000, compared to $270,000 last year.

Bexar County specifically reported 3,490 new listings, up from 3,108 in 2020. In all of Texas, a total of 48,582 new listings hit the market in July, a 5.7 percent increase year-over-year

Bexar County total home sales reached 2,788, a small decrease from the 3,066 homes sold last July. Comparatively, Travis County's home sales decreased 14.3 percent (1,590 homes), Harris County decreased 3.8 percent (5,234 homes), and Dallas County decreased 17.5 percent (2,048 homes) year-over-year.

For more information, visit www.sabor.com.