December 2024 San Antonio Housing Market Update: What You Need to Know
As the year winds down, the San Antonio housing market continues to show dynamic shifts that homeowners, buyers, and investors should consider. Here’s your latest snapshot of what’s happening in the market and what it means for you.
Key Highlights from December 2024:
- Median Home Prices Hold Steady
The median price for homes in San Antonio remains stable, offering some predictability for buyers and sellers. While prices haven’t surged, they’ve shown resilience despite broader economic uncertainties. - Inventory is Ticking Up
The inventory of homes for sale has increased slightly compared to earlier months, providing more options for buyers. However, the market remains competitive, particularly in sought-after neighborhoods. - Mortgage Rates Impacting Activity
Current mortgage rates continue to influence buyer behavior. Although rates are higher than in previous years, assumable mortgages have become an increasingly attractive option, providing relief for buyers looking to secure lower monthly payments. - Seasonal Slowdown for Sales
As expected, the holiday season has brought a slight slowdown in closed sales, but the market is poised for renewed activity in the first quarter of 2025.
Opportunities for Sellers
With inventory still relatively low, it’s a great time to list your home if you’re thinking about selling. Buyers remain active, especially those looking to take advantage of unique financing options like assumable mortgages. Homes that are priced correctly and marketed well continue to move quickly, even during the slower holiday months.
What Does This Mean for Buyers?
For buyers, the slight increase in inventory provides more choices, but competition persists. Exploring off-market opportunities or assumable loan options can open up pathways to a better deal. If you’re planning to buy, now is the time to get pre-qualified and refine your wish list to move quickly when the right home comes along.
Looking Ahead to 2025
As we head into the new year, San Antonio’s housing market is expected to remain active, with continued demand from both local and out-of-state buyers. Keeping an eye on mortgage rate trends and upcoming market updates will be essential for those planning to buy or sell.
Watch the Full December Market Update on YouTube
This blog post gives you the highlights, but there’s so much more to discuss! Dive deeper into the data, trends, and expert insights by watching my full December 2024 San Antonio Housing Market Update on YouTube.
🎥 Click here to watch the full video
In the video, I break down the numbers, share tips for buyers and sellers, and discuss what to expect as we move into 2025. Don’t miss out on these actionable insights!
Have Questions About the Market? Let’s Talk!
Whether you’re thinking of buying, selling, or just want to understand your options, I’m here to help.
📞 Call or text me at 210-260-6617