This Week in San Antonio
San Antonio Tops U.S. in Housing Inventory Growth
San Antonio's for-sale housing inventory jumped 15.6% year over year in September 2026, the fastest growth rate among major U.S. markets, according to Homes.com and CoStar data. The metro had 14,199 homes for sale in September, with median prices down roughly 2–2.5% and the median days on market rising 24.2% year over year — also the fastest such increase in the nation. Total supply reached 8.2 months, a figure that clearly signals a buyer's market.
Mortgage Rates Climb Back Above 7%, Adding Pressure to an Already Strained Market
Research from the Texas Real Estate Research Center at Texas A&M found mortgage rates climbed back above 7% by October, delivering fresh headwinds just as San Antonio's market is absorbing a surge in inventory. Nationally, rates have held just below 6.5% in recent weeks, making the Texas-specific increase notable. Combined with elevated property taxes and insurance costs, buyers in San Antonio are navigating a more layered affordability calculation than the rate headline alone suggests.
Early Voting Closes with More Than 527,000 Ballots Cast in Bexar County
More than 527,000 ballots were cast in Bexar County during the two-week early voting period ahead of the November 3 midterm election. Races on the ballot include the Texas Governor's contest between Greg Abbott and Gina Hinojosa. Polls open November 3 for those who have not yet voted.
San Antonio Rail Crossing to Receive $47M Federal Upgrade
A San Antonio rail crossing is set to receive a $47 million upgrade funded through the U.S. Department of Transportation. The project adds meaningful infrastructure investment to the city's transportation network. No timeline for construction completion was immediately specified in available reports.
Bexar County Launches Multi-Property Clean Energy Program Aimed at Lowering Utility Bills
Bexar County commissioners have approved a new multi-property clean energy program designed to reduce utility costs for residents. The program represents a county-level effort to address affordability pressures that, per United For ALICE data, already affect 44% of Bexar County households — those falling below the threshold for meeting basic local cost-of-living needs. Details on enrollment are expected to follow.
Real Estate Market
The numbers out of San Antonio this week are unusually clear for a market that often tells a muddled story. Inventory is up 15.6% year over year. Days on market are up 24.2% year over year — the steepest increase among major U.S. cities. Total supply sits at 8.2 months. Median prices are down roughly 2 to 2.5%. By most conventional measures, this is a buyer's market, and a fairly pronounced one relative to what other large Texas metros are doing. Austin and Dallas-Fort Worth both saw inventory shrink in September. San Antonio moved the opposite direction.
For buyers, the shift is real but it comes with a catch. Mortgage rates in Texas climbed back above 7% in October, according to the Texas Real Estate Research Center at Texas A&M. That offsets some of the advantage that softening prices and increased negotiating leverage would otherwise provide. San Antonio buyers are also contending with compounding cost pressures — property taxes and insurance have both been cited as meaningful contributors to affordability strain here, separate from the rate environment entirely. The upside is that with 14,199 homes on the market and sellers increasingly needing to offer price concessions or incentives to close, buyers who are financially prepared have more room to negotiate than they've had in several years.
For sellers, this is a moment that calls for accurate pricing from the start. Homes are sitting longer, and the data suggests that trend accelerated through September. A listing that comes in above where the market actually is will not be rescued by low competing inventory — there is plenty of competing inventory. In the luxury segment specifically, where LTL Realty operates, buyers at higher price points tend to be more patient and more analytical. Overpricing a well-positioned property doesn't create urgency; it creates skepticism. The better approach in this environment is straightforward: price it correctly, present it well, and treat the negotiation as a realistic part of the transaction rather than a surprise.