In the news for the week ending December 19th

1. From San Antonio Board of REALTORS…inventory levels have begun to decrease.  Active real estate listings were at 10,969 around a 7 month supply.  38% of sales were in the $100,000-$160,000.
2. Express News…San Antonio Home Sales Pre-boom volume returning.  Sub $250,000 range said to be doing best.  Sales of existing San Antonio homes surged in November, up 52% from same month in 2008.  Median price down 2.5% from $144,100 to $140,500.  Average days on market have increased from 87 to 89 days.  76% of November sales were under $200,000.  The average sales price was $170,762 a 6% decrease from last year.
3. The number of homes with only cell phones has grown from 11% in 2006 to over 23% in 2009.
4. From RECON…Houston is the top Texas market for distressed commercial real estate by total property investment.  Nationwide Houston ranked 9^th.
5. Express News…Study: San Antonio economy among best.  Employment, production strong in third quarter.  San Antonio’s economy remained among the nations strongest in the third quarter.  The city performed well in employment, housing prices and production output.  San Antonio also had relatively low unemployment and a modest amount of real estate acquired by lenders through foreclosure.
6. SABJ…Texas Med clinic eyes growth in San Antonio market, up to seven more clinics planned.  Chase Bank planning to add more jobs, branches in city.Back to San Antonio Real Estate

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