REOC San Antonio
Commercial Real Estate Since 1974   
Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

Got a Commercial Real Estate Need or Question?


Ask One of Our Trusted Advisors

San Antonio housing market breaks record in 2017

San Antonio’s growing economy propelled the local housing market to another record sales year in 2017, but the supply of homes on the market remains extremely tight.

Home sales in the San Antonio-New Braunfels metro area increased by 3.8 percent in 2017 to a record 30,715, up from 29,596 in 2016, according to data recently released by the San Antonio Board of Realtors. 

The price of a home in the local area continued to rise at a steady clip. The median sales price climbed 4.9 percent to a record high of $214,300, up from $204,300 the year before. High demand, a labor shortage and rising construction costs are driving up prices, experts say.

The housing market closed the year on a strong note.

For more information, click to read San Antonio home sales break new record in 2017 (mysanantonio.com, 1-16-18)

FacebookTwitterGoogle+Share

Leave a Reply

 

 

 

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>