Summer home sales are heating up in San Antonio, where the real estate market has long been considered to be affordable and family-friendly.
However, the demand keeps growing for both residential and commercial properties, resulting in a "tight" supply for buyers.
According to the San Antonio Board of Realtors, the average price for a home in San Antonio as of this March is $219,600 — an 8 percent increase from 2017.
The average rental cost in the San Antonio area is $968 a month, according to data from the U.S. Census Bureau's 2016 American Community Survey.
More than a million more people are expected to move to the San Antonio area by 2040. Can the housing stock keep up with the population influx?
What are the most popular areas for buyers, sellers and new residents of San Antonio? How do home prices and rental rates vary in different parts of town?
What does low inventory mean for home prices and how much can the region sustain over time?
Guests:
- Lorena Peña, chairwoman of the board for the San Antonio Board of Realtors
- Marc Ross, president of Bob Ross Realty, past president of the San Antonio Apartment Association and the Texas Apartment Association, and past chairman of the National Apartment Association
- Richard Webner, real estate reporter for the San Antonio Express-News
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