A Mid-Year Look at What’s Changing in Our Local Housing Market

If you’ve been waiting for the “right time” to buy a home, you’re not alone.

For the past several years, higher mortgage rates, limited inventory, and affordability concerns caused many buyers to hit pause. But as we move into the second half of 2026, something important is happening:

The market is becoming more balanced—and that’s creating new opportunities.

While no one can predict exactly where interest rates will go, today’s market offers many advantages that simply weren’t available a few years ago.

Buyers Finally Have More Choices

For the first time in years, San Antonio is approaching what economists consider a balanced housing market.

Inventory has grown to just over six months of supply, active listings are up 12%, and buyers have significantly more homes to choose from than they did during the ultra-competitive market of 2021 and 2022. Home sales have also increased modestly year over year.

That means buyers can often take a little more time, negotiate more confidently, and make decisions based on what’s best for their family—not fear of missing out.

San Antonio Is Becoming One of America’s Best Markets for First-Time Buyers

One of the most encouraging recent reports came from Zillow.

Among the nation’s 50 largest metropolitan areas, San Antonio ranked #3 for first-time homebuyers. Nearly half of the homes currently on the market are considered affordable for households earning the area’s median income, and buyers are facing less competition than many other major markets.

That’s great news not only for first-time buyers, but also for move-up sellers whose next buyer may finally be ready to make a move.

Better Opportunities Don’t Always Mean Higher Prices

Some buyers see headlines about home prices softening and assume that’s bad news.

In reality, modest price adjustments can improve affordability and create opportunities for buyers who were previously priced out of the market.

Recent data shows San Antonio’s median home price has eased to around $310,000, while home sales have remained steady—an indication that buyers are still active when homes are priced appropriately.

For many families, today’s market may offer a better combination of pricing, inventory, and negotiating power than we’ve seen in several years.

Our City’s Future Remains Bright

Real estate has always been about more than today’s interest rates.

It’s about where a city is headed.

Across San Antonio, we’re seeing continued investment in the future—from Project Marvel and downtown revitalization efforts to new housing initiatives, transportation improvements, and renewed focus on creating a vibrant, clean, and active urban core that attracts residents, businesses, and visitors alike.

These investments aren’t just about improving downtown—they’re about strengthening San Antonio’s long-term appeal as a place to live, work, and build a future.

Confidence Is Slowly Returning

Nationally, buyers are beginning to shift their mindset.

Recent research shows more prospective homeowners believe homeownership remains a worthwhile investment, confidence in buying has increased, and many people who had been waiting on the sidelines are beginning to move forward as affordability gradually improves.

That doesn’t mean the market is perfect.

It simply means it may be becoming more workable.

And for many families, that’s enough.

Thinking About Your Next Move?

Every family’s situation is different.

Whether you’re wondering if this is the right time to buy, curious what your home might be worth in today’s market, or simply want to understand your options, I’d be happy to help.

Let’s have a conversation about your goals, your timing, and what’s right for you. No pressure—just honest advice to help you make a confident decision.