San Antonio is boasting a record year for real estate sales and experts say the future looks bright for 2014.
The San Antonio Board of Realtors revealed the news at the 2014 Housing Forecast event Monday at the Omni Colonnade Hotel.
"It's looking very bright. The sun is shining on San Antonio," said San Antonio Board of Realtors Chairman Missy Stagers.
While the U.S. is pulling out of a real estate slump, San Antonio is faring better than most cities.
In 2013, a real estate record was set in San Antonio with 23,390 homes sold, which was 274 more than the market peak in 2006, when 23,116 homes were sold.
"We beat the peak year, and so that just shows us where we've been," Stagers said. "We're hoping that's just going to continue on this year."
The reason for the record sales in 2013 was that there were fewer homes on the market, Stagers said. In addition, San Antonio continues to grow, which is attracting more jobs and people to the city.
"That means it's a seller's market," Stagers said.
The demand is also driving up the average price for a home.
The average sales price in 2013 was $207,884 compared to $176,923 in 2006.
"It's time to put your house on the market," Stagers said. "And it's also time to buy because those interest rates may go up soon."

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