San Antonio Housing Market 2026 Outlook: A Reset Year, Not a Rebound
As we move into the first part of 2026, many buyers and sellers are asking the same question:
Is the San Antonio housing market about to rebound, or are we still in a period of adjustment?
After reviewing the most recent data and trends, the answer is clear — 2026 is shaping up to be a reset year, not a rebound year. That distinction matters, because it changes how buyers and sellers should approach decisions this year.
National Context: Why 2026 Looks Different
Mortgage interest rates declined throughout 2025, while housing inventory steadily increased. On the surface, that sounds like the recipe for a strong recovery. However, economists are increasingly pointing out that market performance in 2026 will hinge more on local economic conditions than national trends.
We’re seeing one of the most geographically divided housing markets in years. Some Midwestern states are experiencing solid price appreciation, while many Southern markets — including Texas — have been flat or slightly negative. That doesn’t mean every city or neighborhood is behaving the same way, but it does mean local data matters more than ever.
Where San Antonio Stands Right Now
Here in San Antonio, we’re sitting just below what’s considered a balanced market.
- Inventory is hovering around five months of supply
- Homes that are priced correctly are still selling close to list price
- Buyers have more options, but competition hasn’t disappeared
When the new year began, we saw a noticeable drop in inventory — not because buyers rushed in, but because many listings expired or were canceled at the end of the year. This is typical seasonally, but it does impact short-term market dynamics.
Pricing, Inventory, and Days on Market
One of the clearest signals in today’s market is how long homes are taking to sell.
- Sold homes are averaging under 60 days on market
- Active listings are sitting closer to 90 days or more
That gap tells us something important: motivation and pricing matter. Many of the homes still active on the market represent sellers who are open to negotiation — especially vacant properties or listings that have been sitting for a while.
For buyers, this creates opportunity. For sellers, it reinforces the importance of realistic pricing based on current conditions, not past peak values.
Pending Listings: The Metric to Watch in 2026
If there’s one data point that deserves extra attention this year, it’s new pending listings.
Pending activity declined sharply toward the end of 2025. While some of that slowdown is seasonal, the broader trend shows buyers remain cautious. This doesn’t mean homes aren’t selling — they are — but it does mean demand hasn’t fully reaccelerated yet.
Historically, mortgage application volume tends to move first, followed by pending listings, and then closed sales. As we move through 2026, those metrics will be early indicators of whether the market is gaining momentum or remaining in reset mode.
What This Means for Buyers
If you’re a buyer who can comfortably afford the payment, this market offers something we haven’t seen much of in recent years:
- More inventory
- Less competition on many listings
- Increased negotiating leverage
Well-priced homes will still attract strong offers, but buyers who are prepared and willing to make reasonable offers on homes that have been sitting are often finding success.
What This Means for Sellers
For sellers, 2026 is not the year to rely on yesterday’s pricing.
Buyers are looking across neighborhoods, price ranges, and amenities more aggressively than ever. To stand out, pricing needs to reflect current comparable sales, not peak market memories. Homes that do this well are still selling — often very close to list price.
Final Thoughts on the 2026 San Antonio Housing Market
This is a market defined by strategy, not speed.
Every neighborhood is different. Every price range behaves differently. And every buyer or seller needs a plan tailored to today’s conditions — not last year’s headlines.
If you’re thinking about buying, selling, or just want clarity on what your options look like in the current market, I’m happy to help.
📞 Call or text 210-260-6617 for a no-obligation consultation.
Watch the full San Antonio Housing Market 2026 Outlook video above for a detailed breakdown of the data and what it means for you.