As the holiday season heats up, the San Antonio-area home sales market is cooling off.

In November, 2,206 single-family homes were sold in the San Antonio area, down 19 percent from the same time last year, according to the latest Multiple Listing Service report from the San Antonio Board of Realtors (SABOR). This total includes existing homes and newly built homes.

In tandem with the drop in home sales, pending sales dipped to 2,112, down 17 percent from the year-ago period. Meanwhile, homes spent an average of 86 days on the market, up 18 percent from the same time last year.

Further evidence of a slower market: New listings in the San Antonio market totaled 3,143, down 13 percent from a year earlier, and active listings jumped to 16,114, up 14 percent. More than 90 percent of homes sold in November fetched an amount close to the original list price.

“A number of sellers are retreating after listing if the market doesn’t meet their price expectations, while buyers are strategically redirecting to the metros that remain affordable,” says Danielle Hale, chief economist at Realtor.com. “These dynamics reflect how higher rates and years of rapid price growth have rewritten the rules of engagement for both buyers and sellers. As we move into 2026, gradual improvements in affordability and more consistent inventory will be key to unlocking a more balanced market.”

San Antonio’s recently lukewarm home sales activity is reflected in the new 2026 housing forecast from Realtor.com.

The San Antonio metro area ranked 60th in the forecast, which used housing-market and economic factors to estimate 2026 home values in the 100 largest U.S. metro areas as measured by household size. The final rankings took into account projected growth in home sales and home prices next year compared with this year. Realtor.com predicts next year’s growth rate for the San Antonio area will be 0.6 percent.

“San Antonio’s housing market remains steady overall, even as sales activity softens,” Katie Griffin-Ross, chair of SABOR, says in a news release. “Buyers have more negotiating room, while sellers continue to benefit from stable pricing.”

Although San Antonio’s housing-market prospects for 2026 aren’t stellar, the region fared better in the Realtor.com forecast than the state’s three other major metros. Here are the three metros’ Realtor.com rankings and their predicted sales-and-prices growth rates for next year:

• No. 68 Houston, negative 0.2 percent. Houston ranked 56th in Realtor.com’s 2025 forecast.
• No. 78 Dallas-Fort Worth, negative 3.6 percent. DFW ranked 46th in Realtor.com’s 2025 forecast.
• No. 85 Austin, negative five percent. Austin ranked 12th in Realtor.com’s 2025 forecast.

The top 2026 market among the 100 metros studied is Hartford, Connecticut, where Realtor.com anticipates a combined sales-and-prices growth rate of 17.1 percent compared with 2025.