The San Antonio residential real estate forecast for 2021 is expected to gain in appreciation substantially. In fact, it is predicted to almost repeat its performance through the past twelve months. Being a growing market, with plenty of job opportunities and comparably affordable housing, San Antonio continues to experience steady growth. That goes for its residential real estate market, which is predicted to gain more value through the next twelve months.
The San Antonio residential real estate forecast for 2021 currently estimates property appreciation to average 5.3% during 2021. This, after experiencing an increase of 5.5% on average through the past twelve months, or throughout 2020. Such figures follow a long-standing trend of steady growth. For instance, San Antonio’s residential real estate market managed to appreciate at an impressive rate of 59.04% over the last ten years.
Meanwhile, Bexar County’s residential real estate market grew by 4.4% over the course of 2020 and is projected to rise even further by 7.4% during 2021. Expanding out to the San Antonio-New Braunfels metro area, home prices are expected to rise by 4.9% over the next twelve months, after growing by 4.3% over the previous year.
All of this represents great news for homeowners and existing property investors who are already holding real property assets. It’s also good news for sellers who will realize bigger margins. Buyers are urged to jump into the market while home prices remain affordable and interest rates are near historic lows.