San Antonio’s housing industry is continuing to be a seller’s market due to a slight shortage in available homes.
San Antonio’s housing inventory remained low in February, with about 4.2 months worth of available homes remaining. Anytime that falls below 6 months it constitutes a seller’s market.
Missy Stagers, chairperson of SABOR, says the shift in the market is a reverse from previous years
“Back after the boom of 2006, 2007 and the [following] foreclosure market, we had a larger supply of houses than we actually had for demand,” Stagers said.