San Antonio real estate closed sales in February 2009 were up 230 units to 935 from January's miserable 705 closed sales but still well off last year's February totals of 1440 closed sales and the 2006 peak of 1575. These numbers put the San Antonio real estate market on a better trendline than January's numbers showed and move us closer to the 2003 overall total through the first 2 months of the year. Anecdotal evidence for closed sales so far in March is somewhat promising and we will present those numbers in April as soon as available. Inventory (# of homes for sale) increased in most price points including in 7 of the 9 price points below $200,000. This is not unusual as we start to gear up for the Spring/Summer busy season but does indicate increased competition for sellers and even more opportunity for buyers. As expected the higher price points (starting at $350K) are vastly oversupplied with # of months of inventory at around 11 months supply in the $350K-$400K range to 40 months supply at $900K and greater. It's a great time to buy in the luxury home market with good deals to be had.