San Antonio home prices stay flat

By Jennifer Hiller - Express-News

San Antonio's home prices remain in neutral — good news when many other housing markets look more like a car crash on the side of the road.

San Antonio's median price remained steady at $145,100 compared to February 2008 when the median price was $144,900, according to the San Antonio Board of Realtors.

And while fewer homes sold last month than at the same time last year — 1,097 homes sold, down 26 percent from February 2008 — San Antonio's home buyers have shifted into house-hunting mode the last few months, according to SABOR.

The number of homes under contract and nearing a sale increased in February for the fourth month in a row — a sign that buyers are shaking off the Thanksgiving, Christmas and New Year's holidays and getting into house-hunting mode for the traditional springtime and summer buying season.