Here’s your latest update for our San Antonio real estate market.
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Will this be the year you elect to purchase or sell a home in San Antonio? One of the keys to making a smart choice for your family is understanding what the local real estate market is doing. Today I want to provide you with an update on the San Antonio real estate market and the trends that we’ve seen throughout the year.
Our market had shown signs that it was cooling during the fourth quarter of 2018. However, our market has remained strong throughout 2019.
It’s still a seller’s market. Desirable homes in favorable conditions and excellent neighborhoods, and well-kept homes under the median sales price of $250,000 remain in high demand due to affordability. Higher priced homes aren’t as competitive — there are fewer multiple offers with slightly longer days on market.
Interest rates can always have an impact on home pricing if they increase, but at this time they are still historically low, which increases a buyer’s purchasing position.
In 2020 the San Antonio real estate market is expected to remain strong. If you’re interested in finding out further information about the real estate market around your property, please visit our website at sanantonio.herggroup.com.
If you have any other questions, feel free to contact us via phone or email. We would love to help you.