Median and average home prices for the San Antonio area are also down.
“Another noteworthy trend observed is the significant increase in the number of days on the market, which rose by 121% to reach 64 days,” said SABOR’s 2023 Chair of the Board Sara Briseño Gerrish. “This suggests a more deliberate decision-making process among buyers, potentially due to increased scrutiny or the need for a more thorough evaluation of available options.”
That trend can also be seen nationally. Roughly 14 of every 1,000 U.S. homes changed hands during the first six months of 2023, according to a new“That means prospective homebuyers have 28% fewer homes to choose from than they did before the pandemic upended the U.S. housing market,” data from the technology-powered real estate brokerage shows.
Nationally, house hunters searching for large homes in the suburbs have seen the biggest drop in their options, according to Redfin. Data shows buyers of four-bedroom-plus, suburban, single-family homes have 33% fewer houses to choose from.
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