There was good news in the latest market report release from the San Antonio Board of Realtors (SABOR). According to the latest MLS report, there was a 7% increase in the total number of homes sold year-over-year. 

In addition, the average home price also saw an increase of 3% with an average sale price of $378,171. The report also showed a slightly longer selling period for properties, compared to April of 2023, with the average number of days on the market at 77 days.

According to Will Curtis, SABOR's 2024 Chair of the Board. “The months of inventory remained balanced at 4.5. New listings surged by 15% to 4,767, while active listings saw a significant 34% increase to 12,727, indicating ample options for buyers.”  

Some additional metrics from the April 2024 report include: 

• $181 per square foot, a 1% increase 

• 94.5% of homes closed at the original list price 

• 2,802 pending listings, a 16% decrease 

Price distribution showed: 

• 9.2% of sales priced at $199,000 and below 

• 74.2% of sales priced between $200,000 and $499,000 

• 16.5% of sales priced at $500,000 and up