REAL ESTATE REPORT
San Antonio summer home sales stall as prices continue to climb
San Antonio home sales were flat in June.
The San Antonio housing market sent mixed signals in June as buyers carefully considered their choices. According to the newest Monthly Listings Report (MLR) from the San Antonio Board of Realtors (SABOR), home sales in San Antonio are almost flat, even as prices for homes continue to climb.
The SABOR figures show that in June, 3,023 homes were sold, a one percent decrease from June 2024. New listings also decreased by 10 percent over last year, and pending sales dropped dramatically by 21 percent. Fewer people seem to be selling their homes in San Antonio, possibly as a result of continued poor economic indicators, such as a decline in American Gross Domestic Product (GDP) and consumer spending.
However, home prices continue to rise in San Antonio. The median price of homes rose four percent to $324,460, while the average price climbed to $392,796, also up four percent. SABOR also shows that home inventory is still increasing as builders and sellers anticipate buying in the future.
SABOR put a positive spin on the data.
"Even as prices hold strong, the increase in inventory and extended days on market indicate buyers are weighing their options more carefully," said Reagan Williamson, SABOR's 2025 Chair of the Board, in a release. "Both buyers and sellers need to be strategic and prepared to navigate this evolving landscape."
However, the market continues to stagnate. The average listing time for a home in San Antonio jumped 17 percent to 75 days. It's a buyer's market at the moment, with prospective home buyers having their pick of properties and plenty of negotiating power.
The trends in the SABOR report are a continuation of the last several years. CultureMap San Antonio reported almost this exact same trend in 2022, and the SABOR metrics highlight steadily declining home sales. Prices rallied in after a sharp dip in 2024, but they've returned to essentially where they were in 2023. Like much of the economy, housing seems to be in a sit-and-wait mode.
