The latest press release from the San Antonio Board of Realtors (SABOR) stated that the recent MLS report “indicates dynamic trends in the local real estate market.” What does this mean? 

April saw a 3% decrease in homes sold for a total of 3,472, and a 2% decrease in average home price to $371,202. The number of days on the market increased by 8% to 77 days while months of inventory remained stable at 4.5 and active listings surged by 34%, indicating ample options for buyers. 

Additional key metrics from the May 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