San Antonio housing market looks bleak as home prices, sales continue their decline

📆 21-10-22 02:00:00
📰 SAcurrent

⏱ Reading Time:
19 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Median home prices dropped for a fourth consecutive month, while sales dropped to a six month low, according to a recent report. SanAntonio SATX SanAntonioTX RealEstate housing housingmarket Texas

The decline in home sales could be a result of higher interest rates, with mortgage rates climbing towards 7% this week for the first time since 2002.according to the latest report from the San Antonio Board of RealtorsThe median price of a single-family home in the Alamo City fell to $337,200, a 3.3% decline from June, when median prices peaked at $348,800, SABOR's numbers show.

Beyond that, home sales in the San Antonio-New Braunfels area reached a six-month low as interest rates continued their ascent to 20-year highs. According to SABOR's report, only 3,167 dwellings sold in September, a 13% drop from last year. Although home prices are trending downward, the median price is still 14% higher than a year ago, according to SABOR.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Two Dallas neighborhoods lead all of North Texas in 10-year home price appreciation - Dallas Business JournalWhat a difference a decade makes. Median home prices have shot up 270% — from $122,000 to $450,000 — in a neighborhood just southwest of downtown Dallas. Check out the 40 ZIP codes throughout North Texas where home values have soared the most.
La source: DallasBizNews - 🏆 525. / 51 Lire la suite »