The red hot housing market in metro San Antonio shows no signs of cooling, according to figures released today by the San Antonio Board of Realtors.
Continuing demand for homes pushed the average price of a house sold in the metro area last month to $232,839, up an amazing $14,000 from June of 2013.
SABOR credits the city's strong economy, and the fact that new residents are flocking here to take available jobs.
"We expect prices and sales to remain strong as the summer continues," said SABOR President Angela Shields.
Home sales in June were up 6% over last year, which also showed a strong improvement over June of 2012 sales.
The bull market is affecting sales of all types of homes, with homes between $200,000 and $500,000, the strength of the housing market, accounting for 41% of sales, with homes over $500,000 five percent of sales.