San Antonio Housing Market Update May 11-17 2026 | Inventory, Rates & Buyer Trends

by Kristen Smith

San Antonio Housing Market Update (May 11 – May 17, 2026)

Inventory Climbs Again While Mortgage Rates Jump Higher

If you’re thinking about buying a home in San Antonio, this week showed something important:

👉 Buyers still have options and negotiating power, but affordability pressure increased as mortgage rates climbed again.

Inventory remains elevated, price reductions continue, and sellers are still helping buyers with concessions. But rising rates are becoming a bigger factor in monthly payments.

Let’s break down what happened this week 👇

📊 San Antonio Housing Market Snapshot (May 11 – May 17)

Here’s what happened in the single family market this week:

7,066 active homes on the market
1,159 new listings
2,099 price reductions
860 homes pending
709 homes sold

👉 The big takeaway:
Inventory increased again, giving buyers continued selection and leverage across many price points.

🏡 Home Prices This Week

From the 709 homes sold this week:

Median Sold Price: $335,000
Average Sold Price: $407,170
Median List Price: $340,000
Average Price Per Sq Ft: $187.60
Median Price Per Sq Ft: $166.77

What This Means:

✔ Higher priced homes made up more of this week’s closings
✔ Buyers are still active despite higher rates
✔ San Antonio continues seeing steady demand from relocation buyers

⏳ Days on Market

Median Days on Market: 56 days
Average Days on Market: 95 days

Homes are still taking time to sell overall, but strong homes in desirable locations are continuing to move faster than average.

👉 Buyers still have time to negotiate in many situations, especially on homes sitting longer.

💰 Seller Concessions Remain Strong

Average Seller Concessions: ~$9,876
Median Seller Concessions: ~$9,000

Seller concessions remain one of the biggest opportunities for buyers right now.

Many buyers are using concessions to:

✔ Buy down their interest rate
✔ Cover closing costs
✔ Preserve cash reserves after closing

📉 Mortgage Rates Update

This week brought a noticeable jump in mortgage rates:

30 Year Fixed: ~6.65%
15 Year Fixed: ~6.10%
VA Loans: ~6.19%
FHA Loans: ~6.17%

👉 Rates increased significantly from last week.

This impacts affordability, but buyers are still finding ways to offset payments using seller concessions and negotiating strategies.

What Relocating Buyers Need to Know About San Antonio

If you’re moving to San Antonio, here are the biggest things to understand right now:

1. Your Commute Will Matter More Than You Expect

San Antonio is geographically large, and traffic patterns can dramatically impact daily life.

Major congestion areas include:

Loop 1604
I-35
Highway 281
Loop 410

👉 Always choose a home based on commute route, not just mileage.

2. Property Taxes Can Change Affordability Fast

This is one of the biggest surprises for relocation buyers.

Two homes with similar prices may have very different monthly payments depending on:

Tax rates
MUD/PID districts
HOA fees

👉 Always compare total monthly payment, not just home price.

3. New Construction Is Still Competing Hard

Builders across San Antonio are still offering:

✔ Interest rate buy downs
✔ Closing cost assistance
✔ Inventory homes ready now

But resale homes often offer:

✔ Better locations
✔ Mature trees and neighborhoods
✔ Less future builder competition

4. School Districts Continue Driving Demand

Popular districts buyers continue researching include:

NEISD
NISD
SCUC ISD
Comal ISD
Boerne ISD

Even buyers without children often prioritize school districts because of long-term resale value.

5. San Antonio Remains One of Texas’ Strongest Relocation Cities

Demand continues being driven by:

JBSA Lackland
Randolph AFB
Fort Sam Houston
Medical Center employers
Cybersecurity and tech growth
USAA and other major employers

👉 Military and corporate relocation remain major drivers of demand.

My Perspective as a San Antonio Realtor & Air Force Veteran

I work with relocating families every week, and right now the buyers succeeding are the ones who:

✔ Understand how to negotiate concessions
✔ Focus on location and long-term value
✔ Compare total monthly costs carefully
✔ Move quickly when the right home appears

This market still favors buyers in many ways, but rising mortgage rates mean strategy matters even more now.