San Antonio Housing Market Report February 2026

Staying informed about the San Antonio housing market is crucial, whether you're looking to buy or sell. See what’s happening in the San Antonio housing market and how broader economic trends and local activity are creating a more balanced and confident real estate environment.

The San Antonio housing market showed signs of increased activity in February as the region moves closer to the spring homebuying season. While some market indicators remain slightly below last year’s levels, month-to-month improvements suggest that buyers are beginning to re-engage as conditions become clearer. As economic headlines continue to focus on inflation, mortgage rates, and global uncertainty, local housing activity indicates that many buyers and sellers are still finding opportunities in the current market.

Let's look at February’s numbers:

• Active Listings — San Antonio finished January with 15,081 active listings, 6% higher year-over-year and a less than 1% increase month-over-month.
• Home Prices — The median home price held at $299,900, a 4% increase year-over-year and an increase of 2.3% from January. 
• Days on Market — Homes spent an average of 102 days on market, which is 19 days longer than last year and 4 days more than last month.
• Pending Sales — Pending sales totaled 2,540, decreasing 12% year-over-year but increasing 21% month-over-month.
• Closed Sales — There were 2,363 closed sales, 7% lower than a year ago and 19.7% higher than January.
• Housing Inventory — Inventory reached 5.51 months, which is .61 months higher than a year ago and .02 months lower than last month.
• Market Snapshot – Over 15,000 homes are on the market, selling for an average of 91.9% of their original list price. By contrast, Realty San Antonio Compass listings achieved 92.8% of their original list price and sold 28 days faster than the MLS average.

Early Spring Activity Begins to Take Shape

Buyer activity showed signs of improvement in February as the San Antonio housing market moved closer to the spring season. Pending sales increased more than 21% from January, while closed sales also rose month-over-month, suggesting that many transactions are beginning to move through the pipeline after a slower start to the year. Although pending contracts remain slightly below last year’s levels, the month-to-month increase reflects the early stages of seasonal activity returning to the market. As buyers adjust to current mortgage rate levels and evaluate their options, many appear to be re-engaging with the market as the spring housing season approaches.

Price Shifts Continue to Shape Affordability

San Antonio home prices showed a modest increase in February, with the median price reaching $299,900. The figure represents a 4% increase compared to this time last year and a 2.3% rise from January. While price growth has remained measured, these shifts continue to shape affordability across the market. Housing inventory currently sits at about 5.5 months, giving buyers more room to evaluate options compared to the tighter supply seen in previous years. Moderate price movement can create opportunities for both buyers and sellers. Buyers may find more negotiating room compared to the rapid price growth seen in earlier years, while sellers benefit from continued demand and improving seasonal activity. As spring approaches, pricing trends will likely continue to reflect the balance between growing buyer interest and the inventory available across the region.

Federal Housing Bill Aims to Expand Supply

Housing policy has also been making headlines at the national level. The U.S. Senate recently passed the bipartisan 21st Century ROAD to Housing Act, a legislative package designed to address housing supply and affordability challenges across the country. The bill received strong bipartisan support and now moves to the House for further consideration.  The legislation includes proposals aimed at increasing housing availability, such as reducing regulatory barriers that can slow development and expanding financing options for housing construction. Some provisions also focus on limiting large institutional investors from purchasing additional single-family homes. 

While the bill still faces additional steps before becoming law, housing industry groups say policies that expand supply and support homeownership could help address long-term housing challenges nationwide. For markets like San Antonio, where housing affordability and steady population growth continue to shape demand, efforts to expand housing supply will likely remain a central focus in the broader housing conversation.

Housing Activity Persists Despite Economic Headlines

Recent economic news has focused heavily on inflation data, global events, and how financial markets may influence mortgage rates. These factors can create short-term volatility in borrowing costs, but housing activity has continued moving forward.

Mortgage pricing has remained relatively steady overall, with some analysts noting that bond yields have recently eased slightly after brief increases. According to HousingWire analyst Logan Mohtashami, mortgage pricing recently saw a small reprieve as the 10-year Treasury yield moved lower after reaching 4.285. As of March 13, the average 30-year fixed mortgage rate sits around 6.41%, according to Mortgage News Daily, a level that remains relatively stable compared to the volatility seen in recent years. For many buyers and sellers, this type of rate environment provides enough stability to continue making plans. Rather than waiting for perfect conditions, many households appear to be moving forward with their housing decisions while market conditions remain relatively manageable.

Exploring Your Next Move

Every real estate journey looks a little different. Some buyers are just starting their search, while others are preparing to list their home or explore new opportunities in the months ahead. Understanding how local market conditions are evolving can help you decide what timing and strategy make the most sense for you. A Realty San Antonio Compass advisor can help you navigate your options and provide insight tailored to your goals, timeline, and neighborhood. 

For the latest market updates, follow us on social media @realtysanantoniocompass. Subscribe to our market newsletter by clicking "sign up" in the top right corner of our website.