Inventory in Downtown San Antonio has thinned over the past year, with active listings down about one-fifth even as months of supply sits high at roughly 13 months in this rolling three-month view. New listings have also eased compared with a year ago, while homes sold are running nearly 20% lower year over year. Despite this slower pace, pending sales are slightly above last year, hinting that buyers are still engaging when they find the right fit.
Prices are adjusting to these conditions. The typical home value over the past three months is down more than 25% from a year earlier, while the typical list price is more than 20% higher year over year, pointing to a wide gap between initial expectations and actual sale prices.
Homes are taking much longer to sell than a year ago, with the median days on market now close to three months, and none of the recent sales closing above list price. The average sale-to-list ratio sits below 95%, indicating that negotiation is common and sellers often accept below asking. Compared with the broader San Antonio market, Downtown shows a higher price point and a more extended supply, aligning with its neutral market reading. In this kind of shifting environment, both buyers and sellers can benefit from Agent Pronto connecting them with an experienced local agent to navigate pricing, timing, and negotiations.
