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San Antonio's growth places it among the top 10 real estate markets to keep an eye on

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San Antonio growth top 10 real estate markets

In recent PricewaterhouseCooper (PwC) Emerging Trends in Real Estate research, San Antonio is ranked No. 8 out of the top 10 real estate areas to watch in 2024.

Although San Antonio is undoubtedly one of the American cities with the quickest rate of growth, the report claims that this tendency is what elevates the Alamo City real estate market.

San Antonio is referred to in the report as a "Super Sun Belt" market, which indicates that Alamo City is one of the fastest-growing markets in the country and that economic performance has been strong due to a much quicker and more thorough recovery. In May, the U.S. Census Bureau reported that, between July 2021 and July 2022, Bexar County had an increase of 28,635 residents, confirming San Antonio's status as one of the fastest-growing cities in the nation.

These markets, according to the PwC analysis, are sizable and varied yet reasonably priced, creating powerhouse economies that draw a broad spectrum of companies. 

San Antonio is ranked No. 2 in the survey as the market with the highest potential for homebuilding in 2024. Despite San Antonio's housing market experiencing a persistent fall in home sales, this investigation is being conducted.

According to the San Antonio Board of Realtors, the local home market witnessed 2,744 sales in September 2023, a 15% year-over-year decline.  San Antonio's housing stock is still increasing despite the average length of time residences are listed for—47 days. With 3.4 months' worth of housing inventory left in Alamo City, SABOR describes the market as "robust." 

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