"Active listings in San Antonio reached 6,895 in March, reflecting an 8.9% increase year over year, significantly outpacing the national growth rate of 6.2%. This surge in inventory gives buyers more options and negotiating power."
"The median list price in San Antonio fell to $289,225 in March, a 3.4% decrease from the previous year, which is steeper than the national decline of 2.1%. Nearly 23% of active listings had price reductions, indicating a competitive pricing environment."
"Homes in San Antonio spent an average of 57 days on the market in March, matching the national median. This duration allows buyers to take their time, conduct thorough research, and negotiate effectively without feeling rushed."
San Antonio's real estate market has shifted in favor of buyers, with active inventory increasing by nearly 9% year over year and median list prices dropping by 3.4%. More than 20% of listings have seen price cuts, indicating a need for realistic pricing from sellers. Homes are spending an average of 57 days on the market, allowing buyers ample time to negotiate and make informed decisions. Overall, the market dynamics provide buyers with greater leverage and choices.
Read at SFGATE
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