Why San Antonio Real Estate Is Booming
Real estate in San Antonio, TX is looking good and still going strong! As one of the fastest growing cities in the nation, San Antonio’s housing market is on fire, with home sales continuing to rise. According to information compiled by the San Antonia Board of Realtors, sales in the region actually registered in double-digit gains, which can only mean one thing: now’s the time to sell your home.
Texas’ real estate and housing market has actually been making headlines and Forbes identified San Antonio as a top cities and one of the fastest growing areas in the nation. That’s because the city has lots to offer like low cost of living, high quality of life and a rich local economy.
The city is still experiencing and reaping the benefits of a seller’s market and because of that, there’s not a lot of inventory left! And with so little stock out there, homebuyers are fighting over properties, which means more money for sellers.
According realtors, the city's low inventory is making it more difficult to find the perfect home. This means that buyers need to constantly be on the look out for new properties and have to be aggressive with their offers. With so much competition, you have triple the eyes looking at the same property you want!
Days that houses sit on the market have dropped significantly, which speaks volumes of how well the local economy is in San Antonio, as well as Texas as a whole. According to a Metrostudy Report, San Antonio’s new home market is the best it has seen in the past seven years. New home closing were the best since 2008 and the region’s housing market had its highest level of single-family homes since 2007.
While the number of homes that had a selling price between $200,000 and $500,000 saw a huge increase, there was a slight increase of houses that sold for more than $500,000. eXp prides itself on having a devoted team of agents that provide clients with outstanding customer service and cutting edge real estate knowledge to help them sell their home for top dollar and find the home of their dreams.
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Photo: © Kate_sept2004 - iStockphoto After listing your house for sale, one or more potential buyers might make a purchase offer soon. Since most people already own a home, you are likely