How Is the Real Estate Market Right Now?

Are you feeling confused about the San Antonio housing market this year? Maybe you’re wondering whether it’s the right time to buy, sell, refinance, or just stay put. 

Just last week, I sat down with a couple in Stone Oak, debating whether to refinance or finally make their move to Alamo Ranch. They’d been following the headlines, but every article seemed to say something different.

So, before you make any big decisions, here are the four important things I’ve noticed across San Antonio that could affect your choices in 2026.

1. Interest rates are easing. Rates are trending down slowly, but enough to improve affordability. Realtor.com forecasts mortgage rates averaging around 6.3% in 2026, which is slightly better than last year’s numbers.

With the Fed’s rate drop back in December, we’re expecting to see:

• More buyers are re-entering the market.
• Homeowners are finally considering refinancing.
• A little more breathing room compared to the peak rate years

We’re not going back to 3% rates, but the pressure is easing.

"Once you understand what’s actually happening in the 2026 market, making the right decision becomes much easier."

2. Inventory is growing. Realtor.com expects for-sale inventory to rise nearly 9% this year, giving buyers more choices and helping sellers price more predictably.

This change will not be felt equally across San Antonio. Some ZIP codes, like those near UTSA or inside Loop 410, will remain tight. Others, especially in emerging areas such as Far West San Antonio or New Braunfels, are trending toward a more balanced market.

This is the year when your neighborhood, not the national headlines, tells the real story. Hyper-local insights will be your biggest advantage, whether you are buying or selling.

3. Move-in-ready homes are the most competitive. Updated, move-in-ready homes are more competitive than ever. Many homeowners in San Antonio have chosen to stay and renovate rather than list, which limits the number of stylish, turnkey homes for sale.

That’s why homes in neighborhoods like The Dominion or Terrell Hills that are staged and modernized often go under contract fast, sometimes with multiple offers. If your home need updates? It may still sell, but expect it to take longer unless priced strategically. 

4. AI is changing real estate. AI tools are everywhere in 2026. They help agents analyze trends, set strategic pricing, and match buyers with homes more efficiently.

But AI cannot see your mountain view, finished basement, or walkable access to Liberty Park. Only a local agent familiar with San Antonio neighborhoods can tell you how these features affect value. AI is a tool, but strategy comes from experience.

After years of uncertainty, 2026 is looking more stable, but the key is staying local and informed. Rates are improving, inventory is shifting, and buyers and sellers are adapting to a smarter, more data-driven market.

Feel free to reach out at (210) 260-2176 or email info@thegravesgroup.com to schedule a free one-on-one strategy call. I’ll look at your numbers, your timing, and your local market so you feel confident about the road ahead.