This Week in San Antonio
Habitat for Humanity Breaks Ground on New Southeast San Antonio Community
Construction has begun on a new Habitat for Humanity community in southeast San Antonio, adding to the city's stock of owner-occupied affordable housing. The project represents continued organized effort to address housing access in parts of the city that have seen slower investment compared to the north and northwest corridors.
San Antonio's Water Supply Under Strain from Drought and Industrial Growth
A prolonged drought, compounded by a recent boom in oil refineries in the region, has significantly depleted the city's water supply. Residents have been voluntarily limiting outdoor watering, shower time, and car washes as local officials work to manage consumption during the strain.
Major Projects Planned During Boom Years Now Face Economic Headwinds
Commentary from the San Antonio Report this week flagged that many of the city's large-scale projects were conceived during an economic expansion that may not sustain itself into the near term. The observation raises practical questions about timelines, financing, and whether project scopes will hold as economic conditions shift.
UTSA Roadrunners Claim 100th Program Win with Victory Over Texas State
UTSA's football program reached its 100th all-time victory this week, defeating Texas State in San Marcos. The milestone reflects the program's steady growth since it launched in 2011 and adds a notable chapter to San Antonio's evolving identity as a college sports city.
San Antonio Public Library Kicks Off Hispanic Heritage Month Programming
The San Antonio Public Library is marking Hispanic Heritage Month with a lineup of music, art, and film events running through mid-October. The programming reflects San Antonio's cultural identity and gives residents a structured way to engage with that history through public institutions.
Real Estate Market
San Antonio's housing market is increasingly behaving like two separate markets operating under the same zip codes. At the top end, luxury buyers — largely insulated from rate sensitivity — have driven consistent price appreciation in neighborhoods like Shavano Park, while the broader market tells a different story. Overall home sales dropped 12.6% in a recent period, the largest decline among major U.S. metros, and listing prices per square foot have fallen 3.6% citywide. The median home price currently sits around $285,000, with properties averaging 38 days on market. That combination — falling asking prices, longer days on market, and declining transaction volume in the mid-range — is a buyer's market by any reasonable definition, at least below the luxury threshold.
The rental picture adds another layer. San Antonio is currently in what housing analysts are calling a hypersupply phase. Landlords are competing for tenants, offering concessions, and rents have risen only modestly — about 1% year-over-year through August 2026, landing at a city median of roughly $1,535 per month. That said, the pipeline of new rental supply is narrowing. CoStar projects the market could flip back in favor of landlords as early as late 2027, which matters both for renters planning ahead and for investors evaluating yield timelines. The June 2026 transaction count — 3,479 sales per the San Antonio Board of REALTORS, up from 3,023 the prior year — suggests underlying demand is real, even if price pressure on sellers remains.
For buyers in the mid-range, this is likely as much negotiating leverage as they'll see in this cycle. For sellers, pricing accurately against the 3.6% per-square-foot decline matters more right now than holding for a number that made sense 18 months ago. The luxury segment continues to operate by its own rules, driven by wealth creation locally and continued in-migration from higher-cost metros. San Antonio's luxury market is relatively young by Texas standards — post-COVID appreciation and relocation demand accelerated it — but it has demonstrated staying power even as the broader market corrects. Those two realities will coexist for the foreseeable future, and understanding which one applies to a specific property is the most important analytical step before making any decision in this market.