San Antonio’s home sales up 20% in October 2020 compared to 2019

San Antonio’s home sales up 20% in October 2020 compared to 2019

SAN ANTONIO – If there’s one factor that COVID-19 hasn’t stopped this 12 months, it’s house gross sales. October gross sales had been up 20% over final 12 months, in keeping with information from the San Antonio Board of Realtors (SABOR).

In accordance with SABOR, there have been 6,720 lively listings final month, with 3,463 gross sales and three,209 pending gross sales going into November.

The typical worth of houses bought in October was $309,513, a 13% enhance over final 12 months. The median worth was $261,200, an 11% enhance from 2019. Properties bought in October had been in the marketplace a median of 49 days, in comparison with 58 days in 2019.

“Complete house gross sales for town are exhibiting a 9 % enhance for the 12 months, as our upward swing continues via 2020 for gross sales within the native housing market,” mentioned Kim Bragman, SABOR’s 2020 Chairman of the Board. “Equally, Bexar County has proven a virtually 10 % enhance in house gross sales and we glance to hold this momentum into 2021 as our metropolis continues to develop.”

SABOR officers mentioned Texas noticed a 24.7% enhance in houses bought statewide in October over final 12 months.

There have been 38,655 new listings in San Antonio in 2020, and the common worth of houses bought this 12 months is $290,066, in keeping with SABOR.

Copyright 2020 by KSAT – All rights reserved.

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