SAN ANTONIO – Local home sales fell 20 percent in May, the market’s worst stretch since the onset of COVID-19.
According to the San Antonio Board of Realtors, 2,869 homes were sold last month, down from 3,590 during the same period last year.
Despite the drop, sales from January to May are down just 0.3 percent year over year. Pending sales are also up 21 percent heading into June.
Meanwhile, the median price rose 2 percent to $242,400. Inventory tightened to 3.1 months. The Real Estate Center considers six to 6.5 months of inventory a balanced market.
Read the Center’s latest Texas Housing Insight report for more.