San Antonio, TX - Local Housing Data - Summary

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San Antonio, TX

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San Antonio, TX Local News

  • Weekley to Unveil High-Density Neighborhood in San Antonio

    San Antonio Business Journal staffer Tricia Lynn Silva reports that David Weekley Homes will break ground on the first of several high-density living projects planned for the San Antonio area this Friday. Part of the builder's Central Living line, the 46 homes in The Garden at Urban Crest will range...

  • 7 Hot New-Home Markets This Summer

    The Census Bureau reported low new residential sales across the nation for June, but some markets didn't follow suit. Here, BUILDER ranks the top seven hot markets for new-home sales at the start of summer.

  • This Old Porch, This Old Price Point: An End to San Antonio’s Entry-Level Housing

    Like the other big Texas markets, new-home prices in San Antonio are reaching points that will price out the entry-level buyer. Metrostudy's Jack Inselmann explains what is behind recent price hikes and why affordability is critical to this market more than others.

Freshest Figures Indicate New Home Closings in San Antonio Drop

Posted on: Aug 08, 2014 11:47:26 AM

In the San Antonio, TX market in May, closings of new homes declined year-over-year, moving south after minimal change in April from the year earlier. New home closings declined by 9.2% from last year to 673. Closings remained the same in April from the year earlier.

A total of 7,682 new homes were sold during the 12 months that ended in May, down from 7,750 for the year that ended in April.

New home closings accounted for 15.7% of overall housing closings. This is down from the 17.2% of closings a year earlier. After being steady in April from a year earlier, closings of new and existing homes remained level in May.

Pricing and Mortgage Trends

The average value for new homes sold in May 2014 was $254,652, a move from $252,877 a year earlier. This followed a 10.3% boost in April year-over-year.

In May 2014, average mortgage size on newly sold homes moved from $232,580 to $232,214 from May 2013. In April 2014, average mortgage size on newly sold homes saw a 10.4% hike year-over-year from a year earlier.

 
 
 

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