🏡 San Antonio Market Update
San Antonio buyers still have negotiating opportunities, but financing strategy matters as national mortgage averages move above 7%.
The latest verified city snapshot recorded 597 sales, a $286,900 median sold price and a $358,344 average sold price. August’s broader San Antonio-area report showed 5.87 months of inventory, 82 days on market and homes closing at 92.8% of their original list price.
Freddie Mac’s national averages increased to 7.03% for a 30-year fixed mortgage and 6.42% for a 15-year fixed mortgage. The 10-year Treasury ended September 25 at 5.17%.
This week, watch Tuesday’s job-openings report, Wednesday’s personal consumption expenditures inflation and gross domestic product releases, and Friday’s employment report. New information may move bond yields and mortgage pricing, but it does not predetermine the direction of rates.
Buyers should compare payments, concessions and total financing costs. Sellers need to price against current competition. Agents—let’s collaborate on a comprehensive pre-approval strategy before your clients make an offer.
Data changes frequently. Mortgage rates shown are informational national averages and are not a commitment to lend.
Equal Housing Lender | NMLS #2479581
Sources: Weekly city report
· SABOR reports · Freddie Mac · U.S. Treasury · BLS calendar · BEA calendar
