This Week in San Antonio
Missions Stadium Construction Pushed to 2027
The start of construction on the new downtown San Antonio Missions baseball stadium has been delayed until 2027. The postponement also raises a separate question the city is actively putting to residents: what should happen to Nelson Wolff Stadium once the Missions vacate it? San Antonio is currently soliciting public input on the site's future use.
Texas Stock Exchange Completes Trading Rollout
The Texas Stock Exchange rang its first bell this week, completing its trading rollout. The exchange has been positioned as a Dallas-based alternative to the NYSE and Nasdaq, and its launch marks a concrete step in Texas's broader effort to establish itself as a financial hub distinct from coastal markets.
Data Center Water Usage Shielded from Public Records
A Texas law now shields San Antonio-area data center water usage from public records requests. The development is notable given ongoing concerns about water supply stress — the city's water resources have been strained by prolonged drought conditions and increased industrial demand from oil refineries in the broader region.
San Antonio 8th Graders Compete in International STEM Program in China
Four students from Las Palmas Leadership School for Girls collaborated with peers from around the world as part of Destination Imagination's Summer Experience program, held in China. The students have since returned to San Antonio. The program represents a continued push to connect local students with international academic competition.
Commentary: San Antonio's Responsibility to Combat Veterans' Healthcare Access
A commentary published in the San Antonio Report this week argues that San Antonio carries a unique obligation to ensure veterans returning from combat have access to the treatments they need. The piece reflects the city's longstanding identity as one of the largest military communities in the United States.
Real Estate Market
June delivered the strongest month of sales growth San Antonio has seen since last October — up 15% year-over-year — with prices rising 4% at the same time. That combination is worth paying attention to. For most of the past two years, this market ran in the opposite direction: inventory climbed, days on market stretched toward 98, and sellers who anchored to 2021 peak prices found themselves chasing offers downward. June's numbers suggest some of that pressure has shifted, though the broader data from the Texas Real Estate Research Center tells a more cautious story. Through May, year-to-date home sales in San Antonio were still slightly down compared to the same period last year, and active inventory continued to increase — unlike Austin and Dallas-Fort Worth, where inventory is beginning to contract. The April median sale price for San Antonio sat at $305,000, below both the statewide median of $350,000 and well below Austin's $440,000.
For buyers, the inventory picture still favors negotiation. Redfin's June data puts the median sale price at $260,000 over the last three months — a figure that reflects the mid-market more than the luxury segment — and homes are still averaging around 73 days on market. With the 30-year fixed rate at 6.66% as of July 30th (up slightly following the Fed's late-July meeting, but marginally below where it was a year ago), financing costs remain a real constraint on purchasing power. Buyers who are positioned to move have genuine leverage, but the advice from TRERC holds: confirm appraisal support before locking any contract. Sellers anchoring to 2021 or 2022 comps are still likely to be disappointed.
On the rental side, San Antonio is currently posting the sharpest year-over-year rent decline among large metros nationally, with the metro-wide median down 5.2% over the past 12 months according to Apartment List. That softness in rents matters to the for-sale market too — it reduces the urgency for renters to convert to buyers, and it puts continued pressure on investors holding residential rental properties. The overall picture heading into August is one of cautious momentum: the June sales jump is real, but the structural conditions — elevated inventory, rate headwinds, and softer rents — haven't resolved. That's a market worth watching closely, not one to read too much into from a single month's data.