SAN ANTONIO – The metro’s housing market is slowing down, but prices are still rising.
The San Antonio Board of Realtors reported that 2,748 homes were sold through the multiple listing system in April, down 8 percent year over year.
Pending sales fell from 3,182 to 2,652.
Still, prices increased 5 percent to $241,500 as inventory tightened to 3.3 months. The Real Estate Center considers six to 6.5 months of inventory a balanced market.
The metro’s sales dip was smaller than the drop across Texas. Statewide, the number of homes sold decreased 17.4 percent to 24,795 homes.