San Antonio home sales took a dive in July, falling 10 percent from the previous year as buyers hit the brakes amid rising inventory and longer closing timelines. Still, while the San Antonio Board of Realtors (SABOR) reports the pace has cooled, prices haven’t — in fact, they’re still on the rise.
According to the trade association’s July 2025 Multiple Listing Report, fewer homes are selling, and they’re sitting on the market longer. During the period, only 2,195 homes were sold. It’s a clear sign that the red-hot post-pandemic real estate boom has shifted to a slower, more cautious phase.
Despite the dip in sales, sellers are still commanding strong prices. The median home price in July reached $330,000, with the average topping $401,000 — up four percent and seven percent, respectively, year over year. That means buyers are stepping back, but not because prices are falling, says SABOR.
“Prices remain strong, but with increased inventory and longer days on market, buyers are taking the time to weigh their options,” said Ed Zapata, SABOR’s 2025 Chair of the Board, in a press release. “Success for both buyers and sellers comes from being prepared and strategic in today’s market.”
The city also saw a rise in active listings, giving buyers more leverage and breathing room than they’ve had in years. Homes are now taking over two months to sell on average, a 16 percent increase from 2024.
The months of inventory crept up to 6.12, indicating that there is more supply than demand. The metric gauges how long the existing housing supply would take to sell at the current pace. The six-month supply indicates San Antonio is still a stable market.
Those who aren’t ready to plunge into home ownership are meanwhile finding more options on the rental market. At the time of the report, there were 4,773 active residential listings, a sharp 20 percent increase from last year.
Within the broader Bexar County, home prices climbed to a median of $310,000, and rental inventory saw a significant boost as well, providing more options for both buyers and renters navigating the market slowdown.
Elsewhere in Texas, it’s a different story. The state saw a slight 3.6 percent increase in home sales overall, though prices varied by region. Bexar County is still a more affordable area than much of metropolitan Texas. Harris County’s median home price is $330,000, with Dallas County coming in at $390,000 and Travis County at a steep $560,000.
Nationwide, the home market may be accelerated by declining mortgage rates. In mid-August, the average 30-year fixed rate fell to 6.58 percent, the lowest level in 10 months.