Home prices in the San Antonio area continue to rise even as actual sales continue to decline, the latest report from the San Antonio Board of Retailers (SABOR) states.

Compared to August 2024, total home sales are down 7 percent, with only 2,952 sales. The dip is consistent with a nationwide trend of declining home sales, which are down 5.5 percent since July 2025.

Home prices are rising, though at a small rate. The average cost of a home in the San Antonio area is now $382,419, a 5 percent increase over the average from August 2024. Price per square foot rose 1 percent.

However, home prices have still not recovered from where they were in August 2023, when the average price was $387,844 and the median price was $322,250. SABOR also reports that houses are staying on the market longer now, an average of 74 days, or a 12 percent increase from August 2024.

For now, the San Antonio housing sector looks remarkably flat. It’s a buyer’s market, considering the reduced prices and high inventory over two years ago, but the floor for seller prices remains relatively high. The SABOR report states that sellers are still getting 91 percent of their asking prices when homes are sold.

“Prices continue to hold firm even as sales slow, thanks to steady demand and growing inventory,” said Ed Zapata, SABOR’s 2025 Chair of the Board, in a release. “Buyers now have more negotiating room, while sellers remain supported by stable pricing. A REALTOR®’s expertise is crucial for navigating today’s shifting dynamics.”

There has been significantly more movement in the rental sector. Residential rental activity is up 18 percent over August 2024, and the average residential rent is $1,877. Part of this is the growth of San Antonio’s retired renter population.

More and more people 55+ are ditching home ownership for rental properties, choosing the ease of corporate maintenance over the headaches of caring for a home. New retirement villages like Woodland Cottages Westover Hills are an example of how older residents, traditionally the most solid homeowners in the market, are moving to rentals instead.

The rental surge would explain why, even though sales are down, new listings are up. SABOR reports a 15 percent rise in active listings over August 2024.