Overall 2011 San Antonio Home Sales Show Stability

by Randy Watson

The San Antonio Board of Realtors summarizes the 2011 San Antonio real estate market, stating that 2011 ended on a slow and steady note, but like the old adage says, “slow and steady wins the race”, and it looks like San Antonio is doing just fine.

The year to date median sales price of San Antonio home sales increased over 2010, up very slightly 1% to $152,000. The total number of sales for 2011 was 17,914, no change from 2010. The 2011 average sales price for a San Antonio home, sold at $185,516. No change from the 2010 average home price.

Mayor Castro expects San Antonio to create more jobs than any other Texas city. Angela Shields, President and CEO of SABOR said, “With no tax incentives, 2011 was San Antonio’s year to prove just how stable it is. Consistency in the real estate market is key to a city’s strength and San Antonio is a city that shows that time and time again.”

Reference: SABOR Press Release