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.
SABOR is preparing for its January 5th Housing Forecast. The event features real estate experts who will provide insight on market trends and will offer predictions on how the market will fare in 2012.
Market data is compiled by the San Antonio Board of Realtors Press Release from the Multiple Listing Service report.