Here’s where our San Antonio real estate market is heading in 2022.

What is predicted for our San Antonio real estate market in 2022? Our market is forecast to go even higher than the Austin and Houston markets. The San Antonio Board of Realtors predicts home prices will increase by 8.6%, which is excellent news for sellers. If you’re a seller who will also be buying, don’t worry about paying more because you’ll also be selling for more. This is also the first time San Antonio has had a median price range of over $300,000; we’re no longer a sleepy little town. 

In November, we had only 1.6 months of inventory, which is extremely low; a balanced market is around six months of inventory. That means if no more houses were listed, we’d be sold out in 1.6 months. 

Have you tried to buy a brisket in the past month? Inflation is truly hitting us now; it’ll affect everyone. Inflation is impacting the real estate market by raising interest rates. We were seeing below 3%, and now we’re seeing the mid to high threes. 

“We’re no longer a sleepy little town.”

Historically, these are still cheap rates, so your monthly payments will still be very low. When Tyler bought his first house, he thought he was getting a steal by paying 6%. Rental prices are also trending upward. Many people were trying to hang in there, thinking the market was going to crash, but that’s not the case. 

Also, builders are seeing the cost of labor growing, and due to supply shortages, what might have taken six months to build before is now taking around 12 months. 

If you want to talk more about any of this or what your situation looks like, give us a call or send an email. We would love to help you.