San Antonio Real Estate Market Update – 3/26/2009

By rerockstar • March 26th, 2009

Real Estate Market Chart by Altos Research www.altosresearch.com

How is San Antonio holding up over the past 90 days?

As you can see by the chart above, the median price (black line) has climbed over the past 90 days, but has started to slow its upward climb. The Median Market Action Index (orange line) is a look at the balance between current inventory levels and current rate of sales. Anything above 30 is considered a “seller’s market” and anything below is considered a “buyer’s market.” As you can see from the chart, we have been pushing further into a buyer’s market for the 90 day period, but since the beginning of March, we have began an upward trend, which many agents in town would agree with, as we are all seeing increased activity (see chart below). With several months of inventory, there are plenty of choices for San Antonio buyers.

Real Estate Market Chart by Altos Research www.altosresearch.com

The overall rise in home inventory levels over the past 90 days has moved us further into the “buyer’s market” as mentioned above. From this chart, you can see how the recent decrease in inventory influences the Median Market Action Index (from the first chart). Around the beginning of the March, San Antonio homes sales increased and as a result, inventory declined.

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