San Antonio Housing Market Update: May 25–31, 2026

As we wrap up May, the San Antonio housing market continues to offer opportunities for buyers, especially those relocating from higher cost markets. While mortgage rates remain in the mid 6% range, inventory levels and seller concessions continue to create negotiating power that buyers haven't seen in years.

As an Air Force veteran and San Antonio Realtor, I watch these numbers closely because they directly impact military families, relocation buyers, and first time homebuyers moving to the area.

This Week's Market Snapshot

Market Activity (May 25–31)

• Active Listings: 2,712

• New Listings: 1,043

• Back on Market: 179

• Price Reductions: 1,954

• Pending Sales: 806

• Homes Sold: 699

• Total Market Activity: 6,418

One of the biggest takeaways this week is the continued number of price reductions. Nearly 2,000 homes had a price adjustment, showing that sellers are still competing for buyer attention.

For buyers, this means more choices and more opportunities to negotiate favorable terms.

Home Prices

Sold Home Statistics

• Median List Price: $313,950

• Median Sold Price: $309,990

• Average List Price: $402,542

• Average Sold Price: $389,997

The typical home sold for approximately 98.3% of asking price, which indicates buyers still have room to negotiate in many situations.

Compared to the frenzy of 2021 and early 2022, today's buyers have significantly more leverage.

Days on Market

• Median Days on Market: 62 days

• Average Days on Market: 94 days

Homes are taking longer to sell than they did during the peak seller market, giving buyers more time to evaluate neighborhoods, compare homes, and negotiate terms without feeling rushed.

Seller Concessions Continue

One of the most important numbers this week is seller concessions.

• Average Seller Concessions: $11,096

• Median Seller Concessions: $8,736

Many sellers are helping buyers with:

• Closing costs

• Interest rate buy downs

• Prepaid expenses

• Home warranty coverage

• Repair credits

These concessions can significantly reduce a buyer's out of pocket expenses at closing.

Mortgage Rate Update

Mortgage rates improved slightly this week:

• 30 Year Conventional: 6.56%

• 15 Year Fixed: 6.09%

• FHA: 6.10%

• VA: 6.12%

While rates remain higher than many buyers would prefer, the combination of lower competition, more inventory, and seller concessions often offsets the impact of higher interest rates.

What Relocating Families Need to Know

Inventory Remains Strong

San Antonio continues to have one of the strongest inventory levels in Texas.

More inventory means:

• More homes to choose from

• Less competition

• Greater negotiating power

• Better opportunities to find the right neighborhood

Commute Matters More Than Price

Many families relocating to San Antonio underestimate the city's size.

San Antonio covers more than 500 square miles, and a home that appears to be only 15 miles from work can easily become a 35 to 45 minute commute during rush hour.

Before choosing a home, consider:

• Work location

• School location

• Church and activities

• Weekend destinations

• Future growth corridors

Property Taxes Vary Significantly

A $350,000 home in one area can have a very different monthly payment than a similarly priced home elsewhere due to tax rates.

Always evaluate:

• Tax rate

• HOA fees

• MUD or PID assessments

• Insurance costs

The lowest purchase price does not always create the lowest monthly payment.

VA Buyers Continue to Have Advantages

Military families and veterans remain in a strong position.

Benefits include:

• No down payment requirement

• Competitive interest rates

• Ability to negotiate seller concessions

• Assumable loan opportunities becoming more common

Several San Antonio homeowners still have mortgage rates under 5%, creating attractive assumption opportunities for eligible buyers.

What This Means for Buyers

The May 25–31 market data shows a market that remains favorable for buyers.

You have:

✅ Plenty of inventory

✅ Nearly 2,000 price reductions

✅ Strong seller concessions

✅ More negotiating power

✅ Less competition than recent years

If you're planning a move to San Antonio, today's market offers opportunities that simply didn't exist a few years ago.

The key is understanding which neighborhoods fit your budget, commute, schools, and lifestyle before making a decision.

As San Antonio's Veteran Realtor, I help military and civilian relocation buyers make smart decisions based on data, not guesswork.