Follow up on Mid-April Real Estate Market Snapshot

Dated: 05/02/2020

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As a Follow up to the mid-April Blog post I am Proud to Share this follow up. 

The National Association of REALTORS® report indicated that the economic engine of real estate impacted the state of Texas' GDP contributing over 15% in 2019. We, in the San Antonio area, are doing our part to help keep our needed economic contribution going. 

In the previous blog post we wonded how the Covid-19 pandemic was impacting the market. We took a mid month snapshot and compared 2019 to 2020. Below is the chart year-to-date to April 15th. Since the average sales price in our market is approximately $275,000 a range of between $250,000 & $300,000 single residential only was used for this analysis.  

2020 So Far (To April 15, 2020)


Taking a look today (May 2, 2020) one might be pleasantly surprised that the economic engine of real estate is quite active with a 403 properties closed in 2020 vs. 428 reported in 2019. Considering the 'stay at home, stay safe' recommendations these signs are encouraging. You may notice small variations in the numbers of sold properties from the previous report. This is due to late reporting, which means it's likely that more than 403 properties actually closed in April. 

Covid-19 has certainly changed how transactions are handled. We use appropriate distancing and PPE when in person, and virtual tools to keep our clientle safer than they would be otherwise.

San Antonio, we're proud we're holding up our part of the economy! 

We're here for you. We are ready to conduct business safely, while assisting finding your dream home, or selling to meet your life's needs. 

Reach out today while rates are near historic lows. To start your virtual shopping experience, click here

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Danny Thomas

Danny’s goal is to be your REALTOR® for LIFE! Your Life and your needs matter most and matching your needs with his expert service will lead you home! Experienced with selling homes, buyer service....

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