November 2015 San Antonio Home Sales Report
First, Happy Thanksgiving to one and all!
Here’s your November 2015 home sales report for the San Antonio metropolitan area, including Bexar, Kendall, Bandera, Medina, Atascosa, Wilson, Guadalupe, and Comal Counties.
If you’re hoping to buy or sell a home in the San Antonio area this fall, you’ll find it’s an unusual realty market for the season. Why?
Usually, during the fall and early winter months, home sale activity slows significantly, the inventory of available homes rises, and residential listing and sales prices moderate. However, this fall, things are remarkably different. More homes were sold in the area in September and October of this year than were sold during the previous record setting months for September and October in 2014. Because of the unseasonable high demand, home prices continue to inch up. Well prepared listings are selling quickly, and the inventories of new and resale homes remain critically short.
Barring a downturn in the area’s dynamic economy, it seems certain that the current aggressive home sales market in the San Antonio metro area will last well into next summer and that home prices will continue to rise as the supply of available homes remains low.
These factors add up to an unbalanced home sales market. Sellers have the upper hand and should be confident that their San Antonio homes are exceptionally marketable and, if well prepared, will sell quickly. Buyers can expect to experience frustration with the limited home supply and will find tough negotiations to acquire the home of their dreams.
If you are looking to purchase a home in the next 60 days, here’s something to keep in mind. As we approach the end of the year, look for buyer incentives to be offered in new home subdivisions because the builders will be eager to sell their inventory before the new year. Home builders don’t usually haggle on their base prices, however they might be willing to throw in additional incentives to encourage you to buy. To find out where and by whom new home incentives are being offered, call us.
That’s all for this November’s San Antonio home sales report.
If you have home buying or selling questions, need San Antonio area realty or mortgage loan advice or assistance, or just want to learn more about the Alamo City area, please contact Stephanie Kelley at (210) 867-867-8743 or Randy Kelley at (210) 863-2661. Stephanie and Randy are members of the Legacy POWERHOUSE Group, Keller Williams Legacy, San Antonio, Texas. Our group of highly credentialed Realtors® offers you the power of its proven performance.