FOR IMMEDIATE RELEASE
February 13, 2014
2014 Housing Market Starts Strong
San Antonio – January’s housing market kicked off the year with a total of 1,348 home sales, a seven percent
increase from the same month in 2013 according to the San Antonio Board of REALTORS®
Service. Of those 1,348 sales, 66 percent were priced under $200,000 and 31 percent were priced between
$200,000 and $500,000. Nearly three percent were priced over $500,000.
“December 2013 closed out our biggest sales year since 2006, so it is no surprise January 2014 showed an
increase over January 2013,” said Missy Stagers, SABOR’s 2014 Chairman of the Board. “San Antonio’s
growing economy has allowed more people to realize the dream of homeownership and the affordable home
prices mean they can make their money go further.”
The average price of a single family residential home in January 2014 was $194,701, a six percent increase from
2013. The median price was $161,000, a seven percent increase from 2013. January’s days on market dropped
to 75 - a 16 percent decrease from 2013 - and housing inventory for January 2014 was just 4.1 months.
According to the 2013-Q4 edition of the Texas Quarterly Housing Report distributed by the Texas Association
, high demand for Texas homes in 2013 resulted in a decreased inventory at the end of the year.
Buyers can expect competition for homes to continue in 2014, while steady price increases should help
encourage more sellers to list their properties.
“The winter months can be a slower sales time in housing, but this year we have been experiencing tremendous
growth and expect to continue that trend as winter winds down and we enter the spring buying season,” said Angela Shields.
San Antonio Home Sales Recap
January 2012 January 2013 January 2014
Total Month Sales 1,008 1,255 1,348
Average Price $177,381 $184,403 $194,701
Median Price $144,200 $151,100 $161,000