San Antonio 78255
If you were hoping to see a decent price increase, look no further than 78255. Unfortunately, that price increase also comes with a rise in inventory. With a 70 home increase since August (about 35%), homes are hitting the shelves quicker than they are flying off. Once again, the higher priced home market (just about anything above $200,000) is slow to move as buyers watch prices and are looking for deals. Since there is also a lot of new construction in the area, consider this a trend that will stay for awhile. This price increase is probably being caused by two things; new homes being built and older homes going on the market above market value - all pushing prices higher as builders and homeowners saw the late spring/early summer as a "hot market" and more wanted to take advantage of that fact. I suspect we'll see a slowdown through the winter months that will adjust prices downward as inventory increases.
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