SAN ANTONIO – The metro’s median home price surpassed $300,000 in October, meaning it is no longer the most affordable major Texas metro for homebuyers.
The median sales price rose 18 percent year over year to $305,400 in October, according to data from the San Antonio Board of Realtors. The city’s median price is higher than Houston’s price of $305,000.
The number of homes sold fell 5 percent to 3,317.
Inventory remains tight at 1.7 months. The Texas Real Estate Research Center considers six to 6.5 months of inventory a balanced market.
The Texas Real Estate Research Center has more information on housing: