Written by Randy Watson
November 2011Off-Season Buying Trends Affect Housing Sales and Prices
The San Antonio Board of Realtors (SABOR) released their monthly housing report for the month. 1239 Single family residential homes closed, a 2% decrease from November 2010. The average price declined 8% for a single family home compared to November 2010.
“This month, we saw a sales decrease for homes priced between $200,000 and $500,000, as well as homes priced above the halfmillion dollar mark,” said Scott Caballero, SABOR’s 2011 Chairman of the Board.
- 1,239 single-family residential homes sold in November 2011.
- $174,861 is the average price of a single-family home, a 8% decrease from November 2010.
- $145,500 is the Median price of a single-family home, a 5% decrease from November 2010.
- Approximately 7 Months – Months of inventory in November 2011.