"Active listings in San Antonio reached 6,697 in February, marking a 12.0% increase year over year, significantly outpacing the national growth rate of 7.9%."
"The median list price in San Antonio was $285,000 in February, down 3.3% from the previous year, indicating a more favorable pricing environment for buyers."
"22.2% of active listings in San Antonio had a price reduction, compared to just 15.5% nationally, highlighting the need for sellers to adjust their pricing strategies."
"Homes in San Antonio sat on the market for a median of 71 days in February, providing buyers with ample time to negotiate and conduct due diligence."
San Antonio's real estate market has shifted in favor of buyers, with active inventory increasing by nearly 12% year over year. The median list price dropped by 3.3%, and over 22% of listings experienced price cuts. Homes are taking longer to sell, with a median of 71 days on the market, allowing buyers more time to negotiate. Sellers face increased competition and must price their homes accurately to attract buyers in this changing market.
Read at SFGATE
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