Now's the Time to Buy in One of Our Favorite Texas Cities
This Lone Star locale has seen a 5.4% decrease in median home prices since last year.
If you're considering buying a new home in Texas this year, you may able to save big in San Antonio. As Apartment Therapy revealed in a recent article, real estate site Trulia has found that the median home price in San Antonio is down to $269,499, a 5.4% decrease since 2017. The Trulia report also found that the Austin median home price has decreased 3.4% since last year and now clocks in at $336,995.
So what attributes for the price ticking downwards in San Antonio? "This is largely due to two factors: Newly-constructed starter homes have come onto the market at a better price and the amount of available jobs has grown by 4.2% year over year, despite wages falling 2.6% from last year," writes Tim Latterner in the Apartment Therapy piece. "This stellar economic outlook has also increased value for current homeowners: Home values have raised by 9.4% in the city, putting San Antonio a solid 8% above the national average."
WATCH: Fiesta San Antonio
Beyond the economic appeal, there are plenty of reasons to love San Antonio. From amazing restaurants and The Alamo to the vibrant River Walk and the annual Fiesta celebration, any Southerner will certainly feel at home in this Lone Star prize.