San Marcos’ July Real Estate Market: Home Prices & Inventory

Four Rivers Association of REALTORS® releases real estate statistics for July 2016

The Four Rivers Association of REALTORS® has recently released their market report for July 2016 and San Marcos’ market is strong. The number of homes sold decreased 5.7% from this time last year, but the market saw 50 listings close in the month.

Home prices continue to increase amidst strong demand. The median home price boosted by 15%, as compared to July 2015, to $219000.

Inventory levels in New Braunfels, San Marcos, and Seguin remained well-fixed within seller’s market territory. In July 2016, the available housing inventory* in San Marcos increased 0.6 months to 3.9 months. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

Homes in San Marcos, spent an average of 42 days on the market during the same time frame, 4 days less than July 2015.

Additionally, active listings in San Marcos increased 32.4 percent year-over-year to 143 listings in July 2016. With new housing projects coming online in San Marcos, we should anticipate to see this number stay on the increase.

July 2016 Statistics – San Marcos – As compared to July 2015 (YOY)

•  50 – Homes sold, 5.7 percent less YOY
• $219,000 – Median price, 15 percent more YOY
• 3.9 – Monthly housing inventory, .6 months less YOY
• 42 – Average number of days homes spent on the market, 4 days less YOY
• 143 – Active listings, 32.4 percent more YOY

Infographics for San Marcos and our surrounding communities can be found at FourRiversREALTORS.com and then hovering over the ‘for consumers’ menu item.

With a growing economy, booming population and high quality of life, Texas is a great place to live, work and do business. As such, the demand for Texas real estate remains strong and enduring. Texas REALTORS® continue to work daily to protect the rights of private-property owners, keep homeownership affordable, and promote public policies that benefit homeowners.

About the Four Rivers Association of REALTORS®
The Four Rivers Association of REALTORS® is a 501(c)6 non-profit membership organization established in 1960. With over 1450 members, the association supports REALTORS® and Affiliates from across five counties including Caldwell, Comal, Gonzales, Guadalupe, and Hays. The association is owner of the Central Texas Multiple Listing Service (MLS), a for-profit MLS system that covers the area between Austin and San Antonio. For more information, please go to FourRiversREALTORS.com.

* The inventory of homes for a market can be measured in months, which is defined as the number of active listings divided by the average sales per month of the prior 12 months.