New rules for Realtors around the nation could mean changes for homebuyers and sellers after a $418 million settlement against the National Association of Realtors.

The average price of a home sold in San Antonio increased 17% to $351,226 and the median price appreciated by 18% to $304,700.

The NAR predicts San Antonio will experience stronger price appreciation relative to other markets.

Felix and Rosalinda Reyna had been warned before leaving Kingsville, where they’d lived and worked most of their lives. San Antonio is a seller’s market, they were told, and be prepared to pay well over the asking price.

The average price of a home increased 16% to $356,071 and the median price was up by 18% to $305,400.

Have you bought, sold or leased a home recently? KSAT wants to hear what you think.

Despite a health crisis and recession, the San Antonio housing market saw record sales last year, a trend economists say they expect to continue into the new year. The San Antonio Board of Realtors held its annual Housing Forecast Thursday, and due to the pandemic, it was all virtual. The major driving force behind soaring sales, he said, has been and will continue to be record low mortgage rates. They are in the housing market now.”As for where people are moving, look to the suburbs. RELATED: Housing market on the rise in San Antonio

SAN ANTONIO The San Antonio Board of Realtors say the housing situation is better than it may have seemed following a 60 Minutes news story about the city. On Sunday, 60 Minutes aired a story about San Antonio businesses road to recovery amid the coronavirus pandemic. Among the people featured in the story includes a former San Antonio realtor of the year, Jackie Galvan. Virtual open houses, tours keep housing market goingDespite that, board chairwoman Kimberly Bragman said the housing market is doing relatively well. April was a little tough as well but were really seeing stuff to pick up, especially since interest rates are so low.