With the first quarter of 2025 complete, we can begin to analyze data that gives us insights into what we are likely to see happen in local real estate markets like San Antonio.
Something that is beginning to trend in San Antonio communities is clear shifting from a sellers market to a buyers market. There are signs that the San Antonio housing market could be transitioning, and yet other data suggests things are remaining stable. Here’s a closer look at data on San Antonio listings, pending sales and pricing for the year so far along with expert insights on what it likely means for the months ahead.
Home Prices Are Stabilizing
The good news for San Antonio buyers is that the upswing in home prices appears to be leveling off. Zillow reported that so far in 2025 home prices in San Antonio are 2.1% lower year-over-year. It’s a trend that has been slowly building for some time. Market corrections in the area are leading to home prices that aren’t appreciating at an unsustainable rate, which ultimately is good for the market as a whole.
Better Balance in Supply and Demand
The home prices stabilizing is the result of several coinciding trends: higher mortgage rates, less inbound migration and more balanced in the supply and demand for homes. The cost of borrowing has cooled buyer demand and a surge of building has made more housing units available for purchase. However, recent decreases in mortgage rates could lead to more demand than anticipated going into the second quarter.
How the data is trending again is a benefit for buyers in that prices are more stable and there are more homes to choose from. It’s a trend that appears to be holding and may remain constant throughout the year even if mortgage rates drop slightly.
Longer Time to Sale
Buyers may just have fun on their home searches in San Antonio since they are starting to feel less pressure to make decisions quickly and can take their time. Homes will likely remain on market for longer before closing so buyers don’t feel rushed to make an offer.
Lower List-to-Sale Percentage
Longer time on market usually equates to lower list-to-sale percentage. In the past it wasn’t uncommon to see most home selling at or above list price. But with more choices comes less aggressive offers. It’s a trend that’s playing out in the data. San Antonio is now #4 on the list of metros with the most homes selling under list price.
Multiple Offers Are Less Likely
The flip side of the data is that fewer homes in San Antonio will receive multiple offers compared to recent years. This again is indicated in the lower list-to-sale prices and longer time on market.
Rental Rates Could Rise, Shifting the Market Back Towards Sellers
The local rental market is going to influence home sales. Overall across the country rental rates are expected to remain constant in 2025. Markets in the south could see a modest increase between 3-4%, and San Antonio, TX could be one of them.
The San Antonio Express reported that the number of building permits for apartment complexes is 50% lower in 2025 compared to the average for the previous five years. This suggests a serious slow down in new units coming to market, which could push rental rates higher. Currently, San Antonio rental rates are below the national average.
If you are interested in selling a home in San Antonio, TX and would like more information about the current market contact CA & Company Realtors. Every month the market can change. We’re your local reference and resource that can explain what’s happening in the San Antonio market and how that may differ from the rest of the nation. Our experts can also help you explore your options to find a home that offers the best value or help you maximize the value to sell for top-dollar.