Home sales in the San Antonio area have fallen for eight consecutive months, according to the San Antonio Board of Realtors.Despite home sales that have fallen for eight straight months, the San Antonio metro area is among the 10 U.S. markets expected to outperform others in the coming year.
. That was down 24 percent from the same month in 2021 and the eighth consecutive month of declining sales.That’s also the biggest year-over-year drop since at least January 2011, the furthest back SABOR’s data goes. Homes spent an average of 52 days on the market in November, “a significant increase” of 68 percent compared with the same month last year, said SABOR board Chairman Tracie Hasslocher.Hitting a wall: San Antonio housing market slowing as inflation, rates and prices keep climbing
San Antonio’s relative affordability makes it stand out in a popular state for people on the move, the association said.“While this state is comparatively tax friendly, San Antonio is also more affordable than other areas statewide,” it said.