The latest press release from the San Antonio Board of Realtors (SABOR) stated that “the San Antonio real estate market continued to experience a modest decline in both average and median home prices, according to the latest Multiple Listing Service (MLS) Report.” The average home price in July was $376,289, which is a 2% decrease from July 2023, while the median home price remained steady at $320,000. 

Despite the “ modest decline” in home prices, the region reported an 11% increase in sales activity, with a total of 3,331 homes closed last month, with over 94% of those homes closing at their original list price. The market now has 5.3 months of inventory, with homes spending an average of 63 days on the market, a 9% increase compared to the previous year.

"July 2024 reflected continued shifts in the market, with a healthy rise in total sales despite the slight drop in home prices," said Will Curtis, SABOR's 2024 Chair of the Board. "While existing home prices have softened, the market remains active, with a significant number of new and active listings providing ample opportunities for buyers."