San Antonio, TX

The ZIP code is exhibiting signs of stabilization, characterized by a pending ratio near 0.50 and modest year-over-year growth in both active and new listings. While median prices have seen slight declines, key indicators point towards a market that is finding equilibrium.

The pending ratio currently stands at 0.48, representing a year-over-year increase of 1.8%, suggesting consistent buyer engagement relative to available inventory. Active listings have expanded by 4.2% over the past year, reaching 550 units, complemented by a 2.5% increase in new listings. Median days on market have compressed by 10.8% year-over-year, now at 58 days, indicating a quicker absorption of available properties. However, median listing price has experienced a year-over-year decline of 2.7%, alongside a 2.9% month-over-month decrease, settling at $285,500. The share of price-reduced listings has risen by 5.0% year-over-year, now at 30.6%, which suggests some pricing adjustments are occurring.

The current market dynamics indicate a move towards greater balance. The increase in active and new listings provides buyers with more options, while the reduction in median days on market reflects sustained demand. For sellers, the higher price-reduced share suggests that disciplined pricing strategies are increasingly important to secure transactions. The relatively stable pending ratio underscores a consistent pace of sales activity within the evolving inventory landscape.

The average listing price, at $313,908, exceeds the median listing price of $285,500, indicating a segment of properties listed at higher price points. However, the average listing price has seen only a modest 0.9% year-over-year increase. The median price per square foot currently stands at $148, experiencing a slight year-over-year decrease of 0.3%.