San Antonio Housing Market Cools as 1 in 4 Listings Cut Prices
Updated
Updated · WOAI · May 28
San Antonio Housing Market Cools as 1 in 4 Listings Cut Prices
2 articles · Updated · WOAI · May 28
One in four San Antonio-area homes on the market have reduced prices in recent months as a wave of newly built and renovated listings expands buyer choice.
A 6.53% 30-year mortgage rate is also restraining demand, local realtors said, keeping some renters and sidelined buyers from moving into the market.
That softer backdrop is giving buyers more negotiating power, with abundant apartments and rental units adding to the alternatives they can weigh against purchasing.
Move-in-ready homes in popular neighborhoods still command competitive prices, and local agents expect the slowdown to ease if mortgage rates fall and job-driven relocation continues.
San Antonio's housing market is cooling. Is this a brief window for buyers before a massive job boom changes everything?
With thousands of industrial jobs coming, can San Antonio's housing supply keep pace, or is an affordability crisis inevitable?
As home values dip, will San Antonio's first property tax hike in 33 years be enough to fund its explosive future growth?