Interest Rate Drops, Balanced Buyer-Seller Dynamics, and Insight on Active San Antonio Properties
In the third quarter of 2024, we’ve seen positive shifts in San Antonio’s real estate market, particularly with a slight drop in interest rates, which has helped sustain a robust market. However, after the frenetic pace of 2021 and 2022, the average days on the market have returned to pre-pandemic levels, similar to those in 2020. Currently, homes are spending an average of 85 days on the market, reflecting a more balanced environment for both buyers and sellers. As of October 1, 2024, there are 14,589 active single-family homes available in San Antonio and the surrounding areas. Of these, 10,358 are resale properties, while 4,230 are new-construction homes.
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