San Antonio homebuyers who have been waiting to purchase their dream property will have a better chance in the New Year. After a year of “erratic and dramatic mortgage rate movements,” Zillow’s latest market report forecasts that next year there will be around 100,000 more home sales than in 2024. Zillow’s report predicts that mortgage rates will slowly decline in 2025.
Winter officially started. Here's how often San Antonio actually sees snow. Locally, Zillow revealed that San Antonio saw a 2.4 percent drop in annual average home values from 2023 to 2024. As of November, Zillow’s home value index says the average home in the San Antonio metro area is worth $280,313. The market is gradually making a comeback after a couple of years of slow sales and climbing mortgage rates following the pandemic.