San Antonio Market

Local home sales continued to climb in August, staying on track for another record-breaking year despite a tightening supply of homes on the market.

Last month, 2,984 homes were sold in the San Antonio-New Braunfels metro area, a 2.3 percent increase from August the year before, according to data released Tuesday by the San Antonio Board of Realtors.

Total home sales so far this year now stand at 20,867, which is 4.3 percent above the total at this point in 2016. The market is on a trajectory to eclipse the record set last year, when 29,545 homes were sold.

 

The median home price in San Antonio rose by 3.1 percent in August, to $218,400, according to SABOR’s data. That’s the fourth-highest median price ever recorded for the local market, below only the medians for May, June and July. Local home prices have soared in recent years due in large part to a shortage of construction workers and increased demand caused by San Antonio’s growing population.