This Week in San Antonio
Trump Rally Scheduled at Freeman Coliseum Next Week
President Trump is set to hold a rally at Freeman Coliseum, appearing alongside Ken Paxton and GOP Senate candidate Carlos De La Cruz. The visit comes as outside spending surges and polls tighten in key Texas congressional and Senate battlegrounds. Expect traffic disruptions on the East Side in the days surrounding the event.
Flash Flood Watch in Effect as Heavy Rain Moves Through the Region
A Flood Watch is in effect through this evening, with forecasters projecting two to five or more inches of rain across the San Antonio area and the potential for flash flooding. Intermittent rain is expected to continue through the weekend. Residents in low-lying areas and near drainage corridors should monitor conditions closely.
Fatal Head-On Collision Closes Texas Hwy 46 Near Enchanted Spring Ranch
Authorities confirmed a fatal head-on collision forced the closure of Texas Highway 46 near Enchanted Spring Ranch, with drivers advised to avoid the corridor. The closure affects a stretch of road that connects the San Antonio metro to New Braunfels and communities along the 46 corridor. No additional details on the circumstances of the crash have been released.
West Bexar County Intersection Flagged as Crash-Prone After Construction
Neighbors near Tamaron Pass and Talley Road say recent construction has turned the intersection into a persistent safety hazard, with multiple crashes reported since the work was completed. Residents describe the situation as dangerous and frustrating, saying the changes altered traffic flow in ways drivers weren't prepared for. The complaints have drawn enough attention that local news outlets are now covering the pattern.
ICE Facility Protest Draws Crowd on San Antonio's East Side
Protesters gathered on the East Side to march against a planned ICE facility warehouse, amid ongoing debate over the agency's enforcement activity in the region. National Guard troops were deployed to the area during a separate San Antonio protest, reflecting the elevated tension around federal immigration policy in the city. The ICE facility proposal continues to draw organized opposition from local residents.
Real Estate Market
San Antonio's housing market is sending consistent signals right now, and most of them favor buyers. The median sale price sits at approximately $265,000 — down about 1.9% year over year — and homes are averaging around 58 days on the market. Sellers outnumber buyers by roughly 116%, which, according to Redfin's framework, firmly qualifies as a buyer's market. That imbalance translates to more negotiating room on price, more willingness from sellers to offer concessions like closing cost assistance or rate buydowns, and less urgency to move fast. With the national 30-year mortgage rate crossing 7% in late September, affordability is still a real constraint — but San Antonio's price point remains about 35% below the national median, which provides some cushion that buyers in other markets simply don't have.
One dynamic worth watching closely is the volume of new construction in this market. New homes now represent 37.1% of all home sales in San Antonio — the highest share of any major metro in the country, up 12.9 percentage points from 2019. That's a structural shift, not a seasonal fluctuation. Builders have been aggressive here, and the effect is measurable: new construction in high-supply Sun Belt markets is now selling for less per square foot than existing homes in many cases. For buyers, that means new builds deserve serious consideration as an alternative to resale — the gap between the two has narrowed or inverted in ways that weren't true a few years ago. For sellers of existing homes, this is the competitive reality: you're not just competing with other resale listings, you're competing with builders offering incentives and rate locks.
On the rental side, San Antonio is currently posting the largest year-over-year rent decline of any large metro in the country, with the metro-wide median rent down 4.5% over the past 12 months, according to Apartment List. That's partly a function of the same multifamily construction boom that's reshaping the for-sale market. For investors, that's a headwind on yield. For would-be buyers who are renting while they wait, the reduced rent pressure removes some of the urgency to rush a purchase decision — which, given the current rate environment, isn't necessarily a bad position to be in. The data here points in one direction: buyers have time, options, and leverage. Whether that window holds into 2027 depends on how quickly builders pull back and how rates move.