San Antonio Real Estate Market Housing Demand
Welcome to our latest market update on the San Antonio real estate market for the second quarter of 2024. In this video, Dayton Schrader provides an in-depth analysis of current trends, housing demand, and buyer behaviors.
With approximately 100 new residents moving to San Antonio daily, our real estate market continues to thrive. Discover key insights, including the rise in new construction sales and how buyers are navigating today’s market.
Although the total number of home sales has slightly decreased from 9,932 in 2019 to 9,200 in 2024, there is a significant rise in new construction sales. Builder incentives and lower interest rate options are driving these new construction sales. In 2019, 2,137 new construction homes were sold, and this number increased to 3,485 in the second quarter of 2024.
Home buyers are now paying 101-102% of asking prices, compared to previous years when they were paying 97%. As of July 8, 2024, there were 13,989 active single-family homes on the market, with 9,462 being resales and 4,527 being new construction. The average days on the market in San Antonio and the surrounding areas is 89 days.
For those looking to buy, the current market offers opportunities with various builder incentives and competitive mortgage rates. Sellers can benefit from the high demand, achieving close to or above asking prices.
Watch the full video below for detailed information and expert advice.
Download the 2nd 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 42 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!