TriPoint Realty

US Existing Home Sales Hit a 14-Month Low
It’s been a noteworthy Mid-Q3 for the US real estate market, with existing-home sales dipping below 4 million—reaching a 14-month low at a 3.98M annual pace, reflecting a 2% month-over-month decrease in buyer activity nationwide. Despite this, buyers are seeing more choices, as inventory climbed to a 4.9-month supply and listings continued to build across the country. The median price for existing homes set a new Mid-Q3 record at $429,100, with higher-priced properties leading the way in market activity. Even as the average 30-year fixed mortgage hovers around 7%, rising wages and consistent job gains are helping to keep demand steady. According to economists, this expanded inventory means homebuyers have more room for negotiation—a trend that’s especially helpful for first-time buyers, who represented 30% of all purchases in Mid-Q3. Cash transactions accounted for 27%, and homes typically stayed on the market for 31 days. Having spent over two decades guiding clients—including many first-time buyers and military families—through evolving markets like this, I know how important it is to be informed and strategic in your approach.

Texas Housing Supply, Looking Ahead
Over the past five years, Texas has seen a dramatic increase in housing supply—growing by nearly 11% from 2020 to 2025. That means we’ve added about 1.26 million new housing units, moving from around 11.6 million to approximately 12.8 million. No other state added more homes during this time, and our growth rate was about 97% higher than the national average. Texas also achieved the third-highest percentage growth in the country, which speaks volumes about the pace and scale of development we’re experiencing statewide.

As someone who’s spent more than two decades helping clients make the most of San Antonio’s dynamic market—especially military families and first-time buyers—I’ve seen firsthand how this rapid expansion shapes our neighborhoods. With all this growth comes important conversations about infrastructure, affordability, and the evolving needs of our communities. Whether you’re navigating your first purchase or relocating with the military, understanding these trends can help you make confident, informed decisions.

Texas saw the largest numeric boost in U.S. housing units
As someone who's been deeply involved in the San Antonio real estate market for over two decades, I find it remarkable that Texas led the nation in the sheer number of new housing units added—1,258,931 between 2020 and 2025, reflecting a 10.9% increase. While Utah and Idaho saw the highest percentage growth (13.5% and 12.9%, respectively), Texas stands out for the scale of expansion. This surge brings both opportunities and challenges, especially when it comes to infrastructure and affordability—two factors I help clients navigate every day, whether they're military families relocating or first-time buyers looking for their place to call home. My local market knowledge is more important than ever in times of rapid change.

San Antonio-New Braunfels Prices Fall 3.6%
As someone deeply rooted in the San Antonio real estate market for over two decades, I’ve seen how shifts like this shape buyer and seller strategies. Recently, the Greater San Antonio and New Braunfels area saw a 3.6% decline in median listing price per square foot, with prices down around 4% from last year in mid-Q3. This puts our metro among those with the most significant price-per-sq-ft drops—an encouraging trend for buyers looking for more negotiating power and a wider selection of listings. With mortgage rates still elevated and more homes available, buyers have the opportunity to compare options without feeling pressured to jump at peak prices. I’m also noticing that many sellers are adjusting their expectations, pricing homes more in line with what buyers are looking for rather than holding out for previous market highs. As always, understanding these nuances can make a real difference—especially for first-time buyers and military families navigating their next move in San Antonio.