After several years of unprecedented growth, San Antonio's housing market is beginning to show signs of cooling, with home price appreciation slowing in the first half of 2026.
The latest report from the San Antonio Board of Realtors indicates that the median home price in the area increased by only 5% compared to 2025, bringing it to approximately $350,000. This is a stark contrast to the double-digit growth rates seen in previous years, suggesting a potential stabilization in the market.
“What we're witnessing is a natural correction,” noted Carlos Ramirez, president of the San Antonio Board of Realtors. “While demand remains strong, rising interest rates and economic uncertainty are prompting buyers to reassess their purchasing power.”
In the first half of 2026, the number of home sales declined by 12%, which experts attribute to a combination of higher mortgage rates and increased home prices that have made affordability a pressing issue for many potential buyers.
Additionally, the rental market is feeling the impact, with an increase in vacancy rates reported across the city. This has led to a surge in landlords offering incentives to attract tenants, such as reduced deposits and the first month free.
Despite these signs of cooling, San Antonio remains an attractive destination for many homebuyers, particularly those relocating from higher-cost states. The city’s relatively affordable housing market, combined with its robust job growth—particularly in healthcare and cybersecurity—continues to lure new residents.
As the market adjusts, real estate professionals advise potential buyers to remain patient and remain informed about market trends. “Those who are waiting for prices to drop significantly may be disappointed, but there are opportunities for savvy buyers who do their homework,” Ramirez added.