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Adobe Stock/tab62

Home prices were up last month in San Antonio but that didn’t seem to slow down sales, as the market posted both month-over-month and a year-over-year home sales increases, San Antonio Business Journal staffer Ryan Salchert reports.

In Greater San Antonio, 2,012 homes were sold in February, according to the latest Multiple Listing Service Report from the San Antonio Board of Realtors (SABOR), which represents a 3% increase year-over-year and a 14% surge from January 2018.

Meanwhile, the average and median sales prices each increased by six percent from last year, with a median sales price of $215,100 and an average of $247,307. Both median and average sales price also took small jumps since January, with each figure rising by 0.6% and 2.1%respectively.

“With tight supply and high demand for homes, 97.6 percent of sellers in February were able to sell their homes for list price,” Lorena Peña, SABOR’s 2018 Chairman of the Board, said in a statement. “But even though the market is favorable to sellers right now with just 3.3 months of inventory available, we still continue to see a steady flow of houses come on the market which is good news for buyers.”

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