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Real Estate San Antonio Tx - San Antonino, TX real estate market overview

prices price median homes

From 2003 until today, many housing markets have seen enormous housing increases and declines. Some markets saw housing prices double in just a couple years, but then saw the value drop by over 60%. One market that saw prices increase and then fall was the San Antonio, TX real estate market.

While prices in the San Antonio, TX real estate market were not as heavily impacted as they were in other areas of the country, the prices still went through the nationwide bubble burst. From 2004 until early 2007, the median sales price in the San Antonio, TX real estate market increased from around $120,000 to around $180,000. While prices increased by 50% in just a few years, the amazingly did not fall off too substantially following the bubble burst.

Following the early 2007 bubble burst, the median sales price in the San Antonio, TX real estate market fell to around $155,000. While this is a significant percentage drop, the median sales price is still well above the 2004 level. Price also appear to be stable as they have maintained between $155,000 and $160,000 for the past 12 months.

While prices in the San Antonio, TX real estate market may have stabilized, they are still threatened by the high rate of foreclosure in the city. In 2009, over 16,000 homes in the city of San Antonio were foreclosed. The median listing price on those homes is just $130,000, which is well below the city-wide average. It is expected that at least half of those homes will be sold to investors who will get the homes at the discounted value. If this occurs, prices in the San Antonio, TX real estate market are likely to fall further.

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