The San Antonio housing market saw a double-digit decrease in October home sales while the average sale price ticked up just a bit, according to the latest Multiple Listing Service report from the San Antonio Board of Realtors (SABOR).

The report shows 2,639 homes were sold last month in the San Antonio market, a 11 percent drop from the same time in 2024. During the same period, the average sale price rose two percent to $377,040.

Amid the slump in home sales, homes spent an average of 83 days on the market (nearly three months) in October. That’s a 17 percent jump from the same time last year. Pending sales declined 14 percent compared with the year-ago period, “suggesting that buyers are proceeding cautiously as the market adjusts,” SABOR says.

“October’s numbers show that the San Antonio market remains healthy and well-balanced,” Ed Zapata, SABOR’s 2025 chair, says in a press release. “While sales have slowed, steady pricing and strong inventory levels give both buyers and sellers more flexibility.”

Although homes for sale in the San Antonio market lingered on the market last month, 92 percent of homes sold close to their original asking price, “underscoring ongoing buyer interest even amid slower transaction volumes,” according to SABOR.

NAR’s chief economist predicts housing market rebound in 2026
In some good news for homebuyers, home sellers, and Realtors in the San Antonio area, a new forecast from the National Association of Realtors (NAR) foresees the U.S. housing market staging a comeback in 2026.

At a NAR event in Houston, Lawrence Yun, the association’s chief economist, predicted a 14% increase in sales of existing homes in 2026 (up from no gain this year) and a five percent increase in sales of new homes (up from negative two percent in 2025).

“Next year is really the year that we will see a measurable increase in sales,” Yun told attendees.

In tandem with the projected rise in home sales, Yun said he anticipated a four percent increase in home prices next year.

Yun expects lower mortgage rates in 2026 to help fuel the market’s turnaround. He forecasts rates will average about six percent in 2026, down from roughly 6.7 percent this year.

“As we go into next year, the mortgage rate[s] will be a little bit better,” Yun said. “It’s not going to be a big decline, but it will be a modest decline that will improve affordability.”

That improved affordability could trigger a rebound in home purchases by first-time buyers. A new NAR report indicates the share of first-time buyers now sits at an all-time low of 21%, due in large part to affordability concerns and limited inventory. That’s far below the norm of 40 percent.

“The historically low share of first-time buyers underscores the real-world consequences of a housing market starved for affordable inventory,” Lautz says in a press release.