San Antonio and its surrounding communities started the year off with a 22 percent increase in home sales compared to January 2020, according to data provided by the San Antonio Board of REALTORS® (SABOR) which reports on all areas contained within the MLS. There were 2,559 homes sold in January 2021 compared to January 2020 with 2,091 home sales.

“The demand for housing typically experiences a slower start at the beginning of each year, but in seeing a consistent and quick rise in home sales, we expect a bright 2021,” said Cher Miculka, Chairman of the Board. "Bexar County, along with the greater San Antonio areas, provide great housing options for all generations, especially while interest rates are low."

The average price of homes sold in Bexar County for January was $281,833, with a median price for the year of $245,000. In all of Texas, the average price was $325,376, with a median of $265,000.

In the greater San Antonio area, there were 3,286 new listings, while Bexar County specifically had 2,378 new listings.There were 31,509 total new listings in the state of Texas in January.

SABOR Multiple Listing Service Report: Home Sales Recap

*Percentage increases are based on a year-over-year comparison.                                                                                           

In the county comparison, Bexar County's increase in home sales showed a 23.1 percent increase (1,889 homes in 2021 vs. 1,504 in 2020), which was a higher percentage increase than the other three major Texas counties. Travis County's home sales increased 17.8 percent (1,011 homes), with Harris County showing a 28.2 percent increase (3,179 homes), and Dallas County displaying a 11.2 percent increase (1,450 homes). The percentage increase is year over year from 2020 to 2021.

With record low mortgage rates coming in around 3%, military families should be excited to buy in San Antonio.  The low mortgage rates are expected to stay put which will allow for sales to continue to soar.  People are looking to buy in the suburbs as a result of the pandemic and wanting more space and backyards as they continue to work from home.  This along with high real estate prices is causing many to make the switch from Austin to San Antonio which will generally mean that there will be a greater need for more new home construction in San Antonio as the population continues to grow.