3RD QUARTER REAL ESTATE MARKET UPDATE – 2023
Here is your 3rd Quarter Real Estate Market Update! The demand for housing continues, as roughly 100 people per day move into the San Antonio area. While the total number of home sales has decreased from 11,295 in 2021 to 8,298 in 2023, we are seeing a significant increase in new construction sales. Builder incentives and lower interest rate options are driving new construction sales. In 2019, there were 1,785 new construction homes sold in the third quarter and now in 2023 a total of 2,651 new construction homes.
As of October 9, 2023 there were 11,553 active single-family homes on the market, 7,358 of those homes were resale and 4,195 were new construction. Average number of days on market in the area is 71 days. Download a 3rd Quarter Market Update
The Schrader Group of San Antonio is one of the Top Real Estate teams and the name to look for when trying to buy or sell a home in San Antonio or any of the surrounding areas. With over 40 years experience we can handle every need you may come across, from selling your home, buying your home or purchasing a new build. Let us be your guide and contact us today!