08/27/2026
San Antonio Price Cuts Hit 50.7%
San Antonio’s market is showing some real shifts right now: for the week ending August 7, just over half—50.7%—of all active listings in our city saw price cuts. That’s a 6-point jump from last year and a clear sign that sellers are feeling the squeeze to remain competitive. Inventory has held steady at around 16,000 homes, but new pending sales dropped by about 9%. Buyers are staying picky, even though we haven’t seen a big jump in available homes. Interestingly, absorbed listings are up 4% over last year, so while new contracts are slowing, the market is still moving—just not all in one direction.
Prices have softened across the board: the median price of active listings is $335,000, new listings are coming in around $322,000, and homes going under contract are averaging $310,000. That means pending prices are sitting about $12,000 below new listing prices and $25,000 below the active median, reflecting deeper price adjustments as homes move through the process.
Having navigated San Antonio’s shifts since 2004, I’ve seen how quickly our market can change. Right now, it’s crucial for both buyers and sellers—especially those relocating, investing, or searching for their first home—to pay close attention to pricing trends, incentives, and how quickly homes are being absorbed. The market isn’t moving in just one direction, so careful strategy matters more than ever.
