August demonstrated a strong finish to the summer for San Antonio's housing market, putting the total number of home sales this year at 24,745, a 5 percent increase over 2019 (January - August YTD total was 23,654). In August alone, there were 3,693 total home sales, a 7 percent increase over August 2019. Marching into September, pending sales were at 3,431, a great indication for this month's outlook. The Multiple Listing Service Report, provided by the San Antonio Board of REALTORS® (SABOR), reports on all areas contained within the MLS. 

“The newly released numbers show continued strength for our city and county. When compared to Travis, Harris, and Dallas Counties, Bexar County has shown the highest growth with 18,126 homes sold, a 6.2% increase year-to-date compared to last year's numbers,” said Kim Bragman, SABOR's 2020 Chairman of the Board. "New residents are moving into the area from other Texas counties and from out of state, and our REALTORS® are doing a great job showing all of the amazing features that San Antonio has to offer when it comes to home ownership." 

San Antonio's average price of a home increased by 12 percent this month to $309,970, compared to August 2019. Year-to-date, the average price has shown an increase of 6 percent year-over-year comparison, with this year's average price measured from January to August at $286,430. 

Pending sales for the city for the month of August are listed at 3,431 homes. There were 4,021 new listings last month in the city, with an average of 53 days on the market, providing a strong close to home sales for the summer. 

Military families new to San Antonio are finding beautiful places to call home across the San Antonio metroplex.  While homes are moving fast, inventory is quickly popping onto the market to replace them.  And with value increases among the top in the country, real estate investment is beyond confidence inspiring.

by Nicole Gilbert, MilHousing Network Client Care Team Lead