Many folks in the San Antonio metro area are getting cold feet — and not about upcoming nuptials. Recent data from real estate platform Redfin shows the San Antonio area led all major U.S. metros for the highest share of pending home sales that fell through in July, at 22.7 percent. That compares with the U.S. rate of 14.5 percent.

The Redfin data dovetails with figures in the most recent RE/MAX National Housing Report. In the San Antonio area, homes were spending an average of 83 days on the market in July before being sold, up from 70 days a year earlier. That was the longest stretch of time among 52 U.S. metros.

Also in July, the volume of San Antonio home sales dropped 10 percent compared with the same time a year earlier, according to the San Antonio Board of Realtors. However, San Antonio home prices are still climbing.

Home prices in some regions have fallen from their pandemic peak in some areas, but generally remain above pre-pandemic levels, according to Business Insider. Some homebuyers are taking advantage of the sluggish market by making offers below the asking price and requesting concessions such as help with closing costs or payments for repairs.

Buyers “want to lowball everything,” Danny Herndon, a San Antonio real estate agent with Century 21 affiliate The Hills Realty, tells Business Insider.

"Home purchases are falling through more than usual because high prices, high mortgage rates, and economic uncertainty are making buyers uneasy," explains the Redfin report. "Buyers also have more homes to choose from than in the past, which means they hold the negotiating power in many markets and often aren’t in a rush. They may back out during the inspection period if a better home comes up for sale or they discover an issue they don’t want to fix."

Redfin data indicates buyer-and-seller breakups have been most prevalent in places like Texas and Florida, where there’s a glut of homes for sale due to robust homebuilding activity and a relative shortage of buyers, Business Insider noted.

San Antonio isn’t the only Texas housing market experiencing “cold feet” syndrome. According to Redfin data, this is how other major markets in Texas fared in terms of the share of home purchase deals cancelled in July:

• Fort Worth ranked seventh, at 18.6 percent
• Houston ranked ninth, at 18.1 percent
• Dallas tied for 12th, at 17.7 percent
• Austin ranked 26th, at 15.3 percent