San Antonio Housing Market Sees Rising Inventory Amid Sales Slowdown in February

The San Antonio real estate market experienced a slowdown in sales but continued price stability in February, according to the latest Multiple Listing Service (MLS) Report from the San Antonio Board of REALTORS® (SABOR). A total of 2,407 homes were sold last month, reflecting an 8% year-over-year (YoY) decrease, signaling some market adjustment.

The median home price dipped to $289,995, a 2% YoY decrease, while the average price increased to $356,165 (+2% YoY), suggesting continued strength in higher-priced segments.

San Antonio’s housing inventory continues to expand, offering buyers more options. The market saw 4,463 new listings, a 10% YoY increase, while active listings surged 20% YoY to 14,330. However, pending sales declined by 17% YoY to 2,475, signaling a potential shift in buyer behavior, likely influenced by affordability challenges and evolving market conditions.

"We are seeing a market shift where buyers have more options, and sellers are adjusting to longer market times," said Reagan Williamson, SABOR’s 2025 Chair of the Board. "With inventory rising and home prices holding steady, this is an opportune time for buyers to explore their options while sellers must price competitively to attract interest.

Key Market Highlights for February 2025

• Close to Original List Price: Homes sold at 93.1% of their original list price, indicating slight negotiation flexibility.

• Days on Market (DOM): Homes averaged 83 days on the market, a 19% YoY increase, reflecting a slower sales pace.

• Price Per Square Foot: $171, reflecting a 1% YoY decrease in pricing trends.

• Months of Inventory: 4.90 months, suggesting a shift toward a more balanced market.

• Average Residential Rental Price: $1,793, demonstrating continued demand for rental properties.

Bexar County Market Trends

Bexar County remains central to San Antonio’s housing market, reporting:

• 1,621 total sales, a 5.2% YoY decrease, aligning with the overall market trend.

• Median home price: $275,000 (-2.8% YoY), reinforcing affordability compared to other major Texas metros.

• Average price: $330,055 (+1.5% YoY), indicating relative price stability.

• Days on Market: 77 days, slightly shorter than the overall San Antonio market.

• Inventory: 4.4 months, suggesting increasing options for buyers.

Texas Real Estate Trends

Statewide, home sales in February 2025 totaled 21,609, reflecting a 4.7% YoY decrease. The statewide median price dropped to $330,000 (-1.5% YoY), remaining above San Antonio’s median. With 4.4 months of inventory and homes averaging 72 days on the market, the Texas housing market remains more competitive than San Antonio’s.