San Antonio Real Estate Market Overview - 2024

The real estate market in San Antonio, Texas is stronger than ever going into 2024. According to the San Antonio Board of Realtors (SABOR), home sales in San Antonio have increased dramatically over the last three years, with 2020 posting a record-breaking $9.1 billion in closed sales volume - a 22% increase from 2019. The median sales price has also seen a dramatic increase, reaching $279,695 – a 7.6% jump from 2020. But a 6.8% decrease compared to the same period last year.

The city is currently experiencing a strong buyers market, with SABOR reporting that the active inventory of homes for sale has decreased 3.4%, but home prices are still rising due to high demand. With low inventory and rising prices, now is a great time for both first-time homebuyers and existing homeowners looking to upgrade. We are expecting interest rates to drop several points through-out 2024. As interest rates continue to drop, home prices will steadily increase. There will be more buyers out in the market. If you are thinking about buying, now is the time to act.

When buying or selling a home in San Antonio, you want a trusted and experienced real estate professional to guide you through the process. Aj Castillo is an excellent choice for any real estate transaction in San Antonio, offering clients unmatched customer service and experience in the market. With his expansive network of contractors, lenders, investors and his knowledge in building construction. Aj Castillo provides clients with personalized service and offers the resources and knowledge they need to make informed decisions.

Whatever your real estate needs are, Aj Castillo is the best resource for buying and selling in the San Antonio area. Contact him today to learn more about the current real estate market and how he can help you achieve your real estate goals in 2024.