According to the SABOR Multiple Listing Service Reports, the San Antonio housing market held fairly steady through the month of February. From February 2022 to February 2023 the average and median prices saw a 2% increase, making the average cost of a home right around $365,678. 

There was a 17% decrease in total sales, with only 2,287 houses being closed during the month. 

Residential rental prices also had a slight increase of 3% with an average price now at $1,804.

“In February, we saw a 28% decline in existing home sales, but also a 28% spike in new construction homes,” said Sara Brisen?o Gerrish, SABOR's 2023 Chair of the Board. “Homes stayed on the market for 70 days, an 84% increase from the same time last year. The months of inventory are being reported at 3.3 and 93.5% of homes closed of their original listing price.

SABOR Multiple Listing Service Report: Home Sales Recap

*Percentage Increases/decreases are based on a year-over-year comparison.