San Antonio house costs went a technique, whereas gross sales went the opposite in July 2022. The most recent report from SABOR reveals a 15 % year-over-year enhance within the space’s median house value; in the meantime, there was a 15 % year-over-year lower in house gross sales.
In July, the San Antonio median house value clocked in at $341,600. The common space house value hit $389,486, up 12 % from a yr in the past, however down from the all-time excessive of $405,891, which was recorded in June.
“Although the typical and median value of a house continues to rise, that is the fourth month in a row we’re seeing a lower in house gross sales,” stated Tracie Hasslocher, SABOR chairman, in a launch.
“3,333 houses have been offered in July, a lower of 15 % from July 2021. To shut the month, there have been 5,114 new listings and 9,068 energetic listings, each a rise from final yr. Nonetheless, there was a 12 % lower in pending gross sales.”
In accordance with information offered by SABOR, the San Antonio traits mirror the Texas market as an entire. House gross sales throughout the state dropped 15.4 % final month, in comparison with July 2021, whereas the typical house value grew 10 % and the median house value climbed nearly 13 %.