San Antonio Housing Market Update: What Fall 2026 Brings

On my channel: How to Find GOOD Deals in the San Antonio Market Right Now as a Relocator

The headline numbers for spring and summer 2026

SABOR's April 2026 report put the San Antonio-area median home price at $307,000, essentially unchanged from a year earlier, and May MLS data came in near $306,000. Sales volume is where the market moved: closed sales rose about 2% in April and almost 5% in May compared with the same months in 2025. The average sale price in April was roughly $370,000, up about 2% year over year.

Six months of inventory changes the balance of power

SABOR reported a six-month supply of homes in April 2026, and May data showed about 6.1 months with more than 17,000 active listings. By real estate convention, a five-to-seven-month supply is a balanced market: neither a strong sellers' market nor a buyers' market. In practice that means prices hold steady, homes that are priced well sell, and buyers have the room to compare several options instead of racing to the first showing.

Why prices went flat

The flat median price is the real story of 2026. Elevated mortgage rates through 2025 and into 2026 kept monthly payments high, and that cooled the bidding wars that pushed prices up sharply in 2021 and 2022. Sellers who remember those years sometimes price against that memory, but the data says the current market rewards realistic pricing. The buyers who understand this are the ones closing deals.

What this means if you are buying

In a balanced market, take your time, but move when the right home appears. Ask for comparable closed sales, read the inspection report carefully, and negotiate repairs or seller concessions, because most sellers in this market expect a conversation, not a take-it-or-leave-it offer. One caution: if mortgage rates ease later this year, expect competition to return, so a well-priced home you love is worth a serious offer now rather than a lowball that loses it.

What this means if you are selling

Price to today's closed sales, not to last year's peak or your neighbor's asking price. Well-priced, well-presented homes are moving in this market; overpriced listings sit, then take price cuts that every buyer sees. With roughly six months of inventory, you are competing against more than 17,000 other listings, so condition, staging, and honest pricing are what decide whether you sell in the first month or the fourth.

How I use this data with my clients

Market updates only help when they are personal. I pull the numbers for your price range, your target neighborhoods, and your timeline, then turn them into a strategy: what to offer, what to ask for, when to wait. The same data that makes headlines drives very different decisions for a first-time buyer in Schertz and an empty nester selling in the city. That is the local, honest part of my job, and it is free to ask about.