The word most people use to describe San Antonio is “unique.” Perhaps this is because of the unique cultural atmosphere, diversity among residents, or quirky local attractions. Whatever the reason, the same word can be used to describe the San Antonio real estate market. Several factors make SA stand out among other cities as one of the leading markets in the U.S.
1. Diverse selection
The array of homes for sale in San Antonio is truly unique. Due to the widespread layout of the city, the differences between neighborhoods, and a particularly good market, the selection of homes for sale is incredibly diverse. No matter your price range or area preference, you’re likely to find something that suits you.
2. Strong Job Market (and growing…)
The job market in San Antonio is booming. Recently, the unemployment rate reached 5.1% (below the national average), and statistics point to an increasingly strong local job market. These factors have driven many people from renters to buyers and have also made San Antonio a very attractive place to move.
3. Seller’s market
In March of last year, Forbes named San Antonio the #3 top seller’s market in the US…and it has only grown stronger in the past year. As more and more people join the housing market, interest rates go down for buyers and prices become more favorable for sellers.
5. Quick Sales
Homes are selling FAST in San Antonio! In the past year, homes generally only stuck around on the market for about 70 days. The market also currently boasts only 3.5 “months of inventory”, meaning that it would only take about three and a half months to sell all the homes currently on the market.
Overall, San Antonio’s real estate market is booming…and remains unique. The job market is growing, the market is affordable, and the population is expanding. It’s a good time to own real estate in this city!