San Antonio home sales tick up

San Antonio-area home sales rose in March after a weak February, with existing homes still making up most of the market. (tpr.org) The San Antonio Board of Realtors reported 3,100 homes sold in March, up 10% from March 2025. The average sale price was $373,839, unchanged from a year earlier, while the median price edged up 1% to $316,850. (sabor.com) Inventory kept building. New listings rose 11% to 5,535, active listings rose 9% to 15,900, and the market had 5.76 months of supply in March. (sabor.com) Homes also took longer to sell. SABOR said the average property spent 99 days on the market, up 13% from a year earlier, and sellers got 92.8% of their original list price on average. (sabor.com) That is a different picture from early 2025, when buyers had less room to negotiate in San Antonio. By March 2026, the local market was closer to balance, with more homes available and steadier pricing. (tpr.org) (sabor.com) The rebound also followed a softer February. Texas Public Radio reported that February sales had fallen 7% from a year earlier, even as the median price rose nearly 4% to just under $300,000. (tpr.org) Resale homes continued to outsell newly built homes in March. SABOR said existing homes accounted for the majority of sales activity, while builders leaned on pricing strategies and incentives to compete for buyers. (sabor.com) The local numbers come from Multiple Listing Service data, which track homes listed through real estate agents. The Texas Real Estate Research Center notes that builder deals made outside the listing system are not included in those totals. (trerc.tamu.edu) Most March sales stayed in the middle of the market. SABOR said 68.3% of homes sold for between $200,000 and $499,999, while 14.2% sold for $199,000 or less. (sabor.com) For now, San Antonio’s spring market is moving again, but on slower terms than the boom years: more listings, longer selling times, and buyers choosing move-in-ready homes over new construction more often. (tpr.org) (sabor.com)