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San Antonio-area home sales and prices skyrocket as inventory tightens

Home sales and prices in the San Antonio area soared in September amid pent-up demand, low interest rates and a tight supply of available homes.

Buyers in Bexar and surrounding counties closed on 3,623 homes last month, up about 32 percent from September 2019, the San Antonio Board of Realtors reported Tuesday. Sales year-to-date are up about 8 percent compared with the same period in 2019.

The median price rose about 11 percent to $261,200.

“The significant growth in sales compared to last year shows the housing sector as a possible factor to move the economy forward,” said Kim Bragman, SABOR’s 2020 board chairman. “We are hopeful to see a positive growth of sales for the remainder of the year.”

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Around 68 percent of the homes sold in September were priced between $200,000 and $499,999, compared

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