(skip this header)

Westport News

Friday, November 27, 2015

westport-news.com Businesses

« Back to Article

Housing inventory hits six-year low

Valentino Luci, Express-News
Published 12:14 pm, Tuesday, October 15, 2013
Larger | Smaller
Email This
Page 1 of 1

Returning to pre-recession levels, San Antonio's housing inventory hit a six-year low last month as home prices and sales also grew.

In September, the Alamo City had 4.6 months of inventory, tilting the scale, even more, in favor of homeowners looking to sell, according to data from the San Antonio Board of Realtors. A figure less than six months indicates a seller's market.

During the month, there were 2,031 home sales, a 20 percent jump compared to the previous year. Housing prices also rose 6.5 percent to $168,700. For the year, the median price for a home is $169,900, a 6 percent increase compared to the same period last year.