The San Antonio Board of Realtors (SABOR) reported the following for the San Antonio market in May, 2014
- An outstanding average home price of $225,114, the highest ever and a 4% increase over May of last year
- A median home price of $183,800, also a 4% increase over May of last year.
- Year-to-date, total sales are higher than last year with a total of 9,179 homes sold since January.
- May had a 17% decrease in days on market to an average of 65 days, 13 days fewer than May, 2013 and the lowest average days on market in years.
- Inventory remains low at 4.7 months of inventory.
- Average cost per square foot was $102, a 5% increase from May, 2013.
Of the homes sold in May:
- Homes priced at $199,000 or below were 57.07% of the market
- Homes prices $200,000-$500,000 were 38.51% of the market
- Homes priced at above $500,000 were 4.333% of the market
Texas ranks No. 2 on the Forbes list of best states to make a living. This is the result of the winning combination of state tax, cost of living, and low unemployement. Core Logic reports Texas ranks No. 1 as the state with the highest percentage of residential properties, with a mortgage, that hold equity. Just under ninety-seven percent (96.7%) of residential properties with a mortgage actually hold equity. San Antonio itself ranks high with a number of factors supporting home ownership, including job growth and affordable home prices