This Week in San Antonio
Trump Rallies San Antonio for Paxton Senate Race
President Trump headlined a midterm rally at Freeman Coliseum this week, appearing in support of Texas Attorney General Ken Paxton's U.S. Senate bid. The Republican National Committee framed the visit as part of a broader effort to maintain Republican dominance in Texas during the midterm cycle. Eighteen people were escorted out during the event; no arrests were reported.
City Council Raises Property Taxes to Address $158 Million Deficit
Facing a $158 million budget shortfall, a majority of San Antonio's city council voted this week to raise taxes rather than cut municipal programs. The decision is notable for property owners already navigating a high-cost market environment. It's a development worth monitoring for anyone evaluating holding costs on San Antonio real estate.
Spurs Return to Court for NBA Preseason Opener
The San Antonio Spurs opened their preseason schedule against the Atlanta Hawks at Frost Bank Center this week, returning to the court as NBA Finals runners-up. The matchup marked the team's first game since their postseason run ended. Def Leppard and the Goo Goo Dolls are also slated to play Frost Bank Center on their 2027 North American tour.
Tropical Disturbance Could Bring Rain Later This Week
The National Weather Service says a disturbance in the southwestern Gulf of Mexico could develop into a tropical storm, pushing rain chances into San Antonio by Thursday and Friday. Current NWS forecasts place rain probability at 20% for those days, with slightly higher chances near the Rio Grande and Edwards Plateau. The humidity is expected to return noticeably by Monday ahead of any system.
Texas Rangers Investigate Camp Mystic; Hwy 46 Closure Follows Fatal Collision
Texas Rangers seized iPhones and Apple Watches as part of an ongoing criminal investigation into Camp Mystic this week. Separately, a fatal head-on collision forced the closure of Texas Highway 46 near Enchanted Spring Ranch, with authorities advising drivers to avoid the area. Both incidents reflect a busy week for law enforcement across the broader San Antonio region.
Real Estate Market
The San Antonio housing market continues to show the characteristics of a cooling but still active environment. In ZIP code 78252 — a representative segment of the south and southwest side — the median closed sale price tracked at approximately $293,000–$298,000 over the past six months, against a median home value of around $245,000, suggesting sellers are still achieving premiums over estimated value even as appreciation has dipped slightly, down about 1.7% year over year. Homes in that corridor are sitting on the market for a median of 82 days, which is a meaningful shift from the compressed timelines buyers and sellers navigated two and three years ago. The pending-to-active ratio of 0.08 tells you supply is outpacing committed demand — that's a buyer's market signal worth taking seriously.
Statewide context matters here. Texas as a whole tracked a median closed sale of $344,900 across nearly 121,000 closings in October 2026. San Antonio's mid-$290s range sits well below that statewide median, which helps explain why the city continues to attract inbound interest from both Houston and Austin buyers priced out of those markets. Redfin data confirms San Antonio is the top destination for relocating Austin homebuyers, and it ranks similarly among Houston movers — that demand underpins the market even when local price growth is flat or slightly negative.
This week's city council tax increase adds another variable for buyers and current owners to model. Higher property taxes compress net returns for investors and raise the effective cost of ownership for primary residents — particularly relevant in a price range where buyers are often stretching to qualify. If you're evaluating a purchase in San Antonio right now, the combination of longer days on market and increased carrying costs actually gives negotiating room that didn't exist 18 months ago. Sellers, in turn, should be pricing with current days-on-market realities in mind, not 2024 assumptions. The data suggests the market will transact — it's just doing so more deliberately.