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Lots of people have asked me lately what the current housing market looks like in San Antonio and New Braunfels, so here is your market update.
The median home price is right around $225,000 and the average inventory is 3.5 months worth of homes; this time last year inventory was about 2.8 months.
Average time on the market has increased as well. This year, average days on market in New Braunfels and San Antonio is 69 days, which is 10 days more than this time last year.
So what does this mean for buyers and sellers? We’ve entered a more balanced market.
Houses under $225,000 are still moving very quickly and receiving multiple offers. So it’s still a really great time to sell and also a really great time to buy.
If you’re looking to buy or sell a home or have any questions about the market, please feel free to give me a call or send me an email. I’d love to help you out!
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