4TH QUARTER REAL ESTATE MARKET UPDATE – 2023
Here is your 4th Quarter Real Estate Market Update for San Antonio! As 2023 came to an end, the San Antonio housing market saw a shift in home buying opportunities as new construction home builders offered innovative ways to increase sales. The total number of home sales has decreased from 9,859 in 2021 to 6,760 in the fourth quarter of 2023, however, builder incentives and lower interest rate options are driving new construction sales. In the fourth quarter, 41% of sales were new construction, compared to 2021 when only 16% of the total home sales were new construction.
As of January 8, 2024 there were 11,162 active single family homes on the market, 6,839 of those homes were resale and 4,323 were new construction. Average days on market in the area is 80 days. Download a 4th 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 more than 42 years of 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!