San Marcos: Sold Homes And Median Home Price Jump In August

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

The Four Rivers Association of REALTORS® has recently released their market report for August 2016 and San Marcos’ market is strong.  The number of homes increased dramatically by 55.9% from this time last year, but the market saw 53 listings close in the month. 

Home prices continue to increase amidst strong demand. The median home price boosted by 20%, as compared to August 2015, to $196,205.

Inventory levels in New Braunfels, San Marcos, and Seguin remained well-fixed within seller’s market territory. In August 2016, the available housing inventory* in San Marcos decreased .2 months to 3.7 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 30 days on the market during the same time frame, 6 days less than August 2015.  Listings are coming and going very quick within the local marketplace. 

Additionally, active listings in San Marcos increased 11.8 percent year-over-year to 142 listings in August 2016.  With new housing projects coming online in San Marcos, we anticipate seeing this number stay on the positive side.

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August 2016 Statistics — San Marcos — As compared to August 2015 (YOY)

• 53 – Homes sold, 55.9% percent more YOY
• $196205 – Median price, 20 percent more YOY
• 3.7 – Monthly housing inventory, .2 months less YOY
• 30 – Average number of days homes spent on the market, 6 days less YOY
• 142 – Active listings, 11.8 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. 

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

For more information or additional comment about this report, please contact Amy DuBose, Four Rivers Association Executive, at amy@fourriversrealtors.com.

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.