This Week in San Antonio
U.S. Senate Race Draws National Attention to San Antonio
Texas's U.S. Senate contest between Democrat James Talarico and Republican Ken Paxton is being watched closely as a race that could influence which party controls the Senate. Talarico held a campaign rally in San Antonio over the weekend, while both candidates have been crisscrossing the state in the final stretch before Election Day. Voter participation efforts are ramping up locally as the race tightens.
Boring Company Machine Arrives at Morgan's Inclusion Campus
Elon Musk's Boring Company has delivered its tunneling machine to Morgan's Inclusion Campus in San Antonio, where it is now awaiting final approval to begin the tunnel project. The project is part of broader infrastructure investment tied to the campus, which serves individuals with and without disabilities. Final clearance has not yet been granted as of this week.
Chef Johnny's Mercado Opens at San Antonio International Airport
A new food and retail concept, Chef Johnny's Mercado, held its grand opening at San Antonio International Airport this week. The opening adds a locally flavored dining option to the airport's concessions lineup. It is part of a broader wave of local food and hospitality activity across the city heading into the holiday season.
Muertos Fest Draws Thousands to Hemisfair
Muertos Fest continued this weekend at Hemisfair, drawing large crowds for Day of the Dead music, traditions, and cultural celebrations. Festivities ran Sunday from noon to 5 p.m., anchoring one of San Antonio's most recognized fall community events. The annual gathering reflects the city's deep connection to its Mexican heritage and continues to grow in attendance year over year.
UTSA Research Project Targets Nueva Street Corridor
The University of Texas at San Antonio has launched a research project aimed at elevating the Nueva Street corridor, signaling continued academic and civic interest in urban revitalization in the city's core. Details on the scope and timeline of the project were not fully disclosed this week. Projects like this tend to be early indicators of longer-term neighborhood investment activity worth watching.
Real Estate Market
The San Antonio housing market is sitting at roughly six months of supply with an average of 88 days on market as of September 2026, according to data from the San Antonio Board of Realtors. The median home price landed at $302,000 for the month — down about 1% year over year, consistent with the broader trend reported by Texas Realtors for the state's major metros in Q3. Statewide, closed sales fell 2.4% year over year while listings rose 2.8%, which means buyers are working from a stronger position than they've had in several years. About nine in ten sellers are still getting asking price, so the market hasn't broken — but the days of easy multiple-offer situations are largely behind us.
For buyers, the current environment rewards patience and preparation. More listings, longer days on market, and modest price softness mean there is real room to negotiate — on price, repairs, closing credits, or timing. At 7.40% mortgage rates, affordability remains a genuine constraint, and stretching a budget just because inventory exists is not a strategy. The data reflects a stabilized market, not a declining one, so appraisals should generally support contracts priced at current comps — but it's worth confirming that before locking anything in.
For sellers, the picture is less forgiving than it was in 2021 or 2022, but it is not bleak. Homes that are priced accurately and presented well are still moving. The UTSA Nueva Street corridor research and the Boring Company tunnel project at Morgan's Inclusion Campus are the kinds of infrastructure signals worth tracking for anyone evaluating long-term value in urban and near-urban San Antonio neighborhoods. Broad market conditions favor buyers right now, but local developments — public investment, transit, institutional research — continue to create pockets where sellers hold more leverage than the headline numbers suggest.