What is the Current Housing Inventory In San Antonio?

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As of November, San Antonio recorded 16,114 active listings, an increase of 14% year-over-year, even as seasonal patterns pushed inventory slightly lower month-over-month. With more homes available overall, the market is offering buyers greater choice while asking sellers to be more strategic in how homes are positioned.

Inventory Is Giving Buyers More Options And Time

San Antonio is currently operating with 6 months of inventory, up 1.03 months from last year. This level of supply reflects a market where buyers are no longer constrained by limited availability and can take time to compare homes, neighborhoods, and price points.

That additional choice has influenced buyer behavior. Pending sales in November totaled 2,112, down 10% month-over-month and 17% year-over-year, signaling a slower pace rather than a lack of interest. Buyers are moving more selectively, focusing on value and fit instead of speed.

Homes that align well with buyer expectations continue to attract attention, while others may require adjustments to stand out in a more competitive field.

Pricing And Pace Reflect A More Measured Market

Despite higher inventory levels, home prices in San Antonio have held firm. The median home price in November came in at $315K, up 5% year-over-year and 3% month-over-month, showing that price movement has remained positive even as activity has cooled.

At the same time, homes are spending longer on the market. The average days on market increased to 86 days, which is 13 days longer than last year and three days longer than October. This shift reflects buyers taking more time to evaluate options rather than rushing to compete.

Across the MLS, homes are selling for an average of 92.4% of the original list price. By comparison, Realty San Antonio Compass listings averaged 98.13% of the original list price and sold 28 days faster than the MLS average, reinforcing how pricing strategy and preparation continue to influence outcomes in a higher-inventory environment.

Mortgage Rates And How They Influence Inventory

Mortgage rates remain elevated compared to pre-pandemic norms, but recent months have brought more stability. Rates have stayed relatively range-bound, which has helped reduce uncertainty for both buyers and sellers.

This predictability has influenced inventory behavior in San Antonio. Some homeowners are choosing to delay listing if current conditions do not align with their plans, while others are moving forward based on lifestyle changes rather than rate movement alone. Buyers, meanwhile, are focusing more on negotiating price and terms within today’s environment instead of waiting for significant rate drops.

What Today’s Inventory Levels Mean For Buyers And Sellers

For buyers, higher inventory offers flexibility. With more than 16,000 homes on the market, buyers have time to compare options, revisit negotiations, and move forward with greater confidence. While competition still exists for well-priced homes, buyers generally have more room to evaluate choices.

For sellers, increased inventory raises the importance of realistic pricing and strong presentation. Buyers have alternatives, and homes that are not positioned well may take longer to sell. Sellers who understand how their home compares within the current inventory landscape are better equipped to set expectations and attract serious interest.

Moving Forward With Clarity

Inventory levels, pricing trends, and mortgage rates are all shaping today’s San Antonio housing market. While activity has slowed from earlier highs, the market is offering clearer signals and more transparency than in recent years.

At Realty San Antonio Compass, our agents help clients understand how current inventory conditions impact timing, pricing, and strategy. Understanding today’s inventory environment provides important context for decision-making. Connect with a local agent today to confidently navigate your next move.

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