San Antonio Housing Market Update May 17-24 2026 | Inventory, Rates & Buyer Opportunities

by Kristen Smith

San Antonio Housing Market Update (May 18 – May 24, 2026)

Inventory Climbs Again While Buyers Continue Negotiating Strong Deals

If you’re thinking about buying a home in San Antonio, this week continued a trend we’ve been seeing for months:

👉 Buyers still have leverage, inventory remains high, and sellers are continuing to negotiate.

At the same time, mortgage rates stayed elevated, which means strategy matters more than ever for buyers trying to maximize affordability.

Let’s break down what happened this week 👇

📊 San Antonio Housing Market Snapshot (May 18 – May 24)

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

7,151 active homes on the market
1,150 new listings
2,583 price reductions
820 homes pending
705 homes sold

👉 The biggest takeaway:
Inventory continues growing while price reductions remain extremely high.

That means buyers still have choices and negotiating power in many parts of the market.

🏡 Home Prices This Week

From the 705 homes sold this week:

Median Sold Price: $325,000
Average Sold Price: $402,088
Median List Price: $329,999
Average Price Per Sq Ft: $183.41
Median Price Per Sq Ft: $163.88

What This Means:

✔ Higher priced inventory remains active
✔ Buyers are still purchasing despite elevated rates
✔ San Antonio continues attracting relocation buyers because it remains more affordable than many large Texas metros

⏳ Days on Market

Median Days on Market: 57 days
Average Days on Market: 87 days

Homes are still taking time to sell overall, especially if they are overpriced or competing directly with nearby new construction.

👉 Buyers still have time to negotiate on many listings.

💰 Seller Concessions Are Still Helping Buyers

Average Seller Concessions: ~$10,733
Median Seller Concessions: ~$8,800

This continues being one of the biggest opportunities for buyers right now.

Many buyers are using concessions to:

✔ Buy down their interest rate
✔ Cover closing costs
✔ Lower upfront cash needed to purchase

📉 Mortgage Rates Update

Mortgage rates remained elevated this week:

30 Year Fixed: ~6.65%
15 Year Fixed: ~6.23%
VA Loans: ~6.20%
FHA Loans: ~6.18%

Rates staying higher means monthly payment strategy matters more now than almost anything else.

👉 Buyers who understand concessions, rate buy downs, and total monthly payment structure are putting themselves in a much better position.

What Relocating Buyers Need to Know About San Antonio

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

1. Commute Routes Matter More Than Distance

San Antonio is geographically huge.

A home that looks “close” on the map may still create a frustrating daily commute depending on:

Loop 1604 traffic
I-35 congestion
Highway 281 bottlenecks
School traffic patterns

👉 Always choose based on drive routes and lifestyle, not just mileage.

2. Property Taxes Can Change Your Monthly Payment Fast

This surprises almost every relocation buyer.

Two similarly priced homes may have very different monthly payments depending on:

Tax rates
MUD/PID assessments
HOA dues

👉 Always compare total monthly cost, not just purchase price.

3. New Construction Continues Competing Aggressively

Builders throughout San Antonio are still offering:

✔ Interest rate buy downs
✔ Closing cost assistance
✔ Inventory homes available quickly

But resale homes often provide:

✔ Larger lots
✔ Established neighborhoods
✔ Mature trees and amenities
✔ Less builder competition long term

4. School Districts Continue Driving Buyer Demand

Areas buyers continue researching heavily include:

NEISD
NISD
Comal ISD
SCUC ISD
Boerne ISD

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

5. Military & Corporate Relocation Continue Fueling Demand

San Antonio remains one of the strongest relocation cities in Texas because of:

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

👉 Relocation demand remains one of the biggest drivers of the San Antonio market.

My Perspective as a San Antonio Realtor & Air Force Veteran

I help relocating buyers every week, and right now the buyers succeeding are the ones who:

✔ Understand how to negotiate concessions
✔ Focus on monthly payment strategy
✔ Prioritize location and commute
✔ Move quickly when the right home appears

The market is still giving buyers opportunity, but the smartest buyers are the ones planning carefully.