This Week in San Antonio
Mayor Ortiz Jones Seeks Private Funding to Close City Budget Gap
Mayor Gina Ortiz Jones has asked San Antonio business and philanthropic leaders to help fund 15 outside agency contracts as the city works to address a budget deficit. As of this week, the mayor's office has remained silent on whether that appeal has been answered. The situation puts a spotlight on the city's fiscal footing heading into the fall budget cycle.
San Antonio School Districts Roll Out New Safety Measures This Fall
School districts across San Antonio are implementing expanded safety and security measures as the new school year begins, in response to new state requirements now taking effect. The changes affect campuses citywide and represent a broader push at the state level to standardize school security protocols. Back-to-school events this week also included online safety warnings from Homeland Security Investigations, following a case involving a local teen.
Triple-Digit Heat Continues Across the City
Temperatures reached 103 degrees in San Antonio this week, with another warm weekend forecast for the area. Residents reported actively avoiding outdoor activity during peak heat hours. A few thunderstorms are possible across South Central Texas as the week progresses, offering limited relief.
Whitewater Amphitheater in New Braunfels Faces Possible Sale After Bankruptcy
The popular New Braunfels music venue Whitewater Amphitheater is facing a possible sale following a bankruptcy filing that came after years of legal disputes among its owners. The litigation involved Hill Country real estate, debt, and contested deed restrictions. The outcome will be watched closely by residents throughout the San Antonio metro who have long relied on the venue for outdoor entertainment.
Alamo Heights Development to Bring New Retail to 6333 Broadway
San Antonio firm Fulcrum Development is converting one of Alamo Heights' last remaining vacant lots at 6333 Broadway into a two-story, 20,800-square-foot shopping center. The project is currently taking shape and could welcome its first tenants by fall 2027. The development adds to ongoing commercial activity along one of the city's most closely watched corridors.
Real Estate Market
San Antonio's housing market is in a correction that, by most measures, is still working itself out. The median sale price citywide sits at $265,000 — down 1.7% from the same period last year — and price declines here remain more pronounced than in Dallas-Fort Worth or Houston, according to the Texas Real Estate Research Center's August 2026 report. Homes are averaging around 60 days on market and receiving roughly two offers, which puts this squarely in buyer's market territory. Redfin ranked San Antonio as the fifth-strongest buyer's market in the nation as recently as May, with 108% more sellers than buyers. That imbalance hasn't fully resolved.
The factors keeping buyers cautious are well-documented: mortgage rates remain elevated, driven in part by broader inflationary pressures, and economic uncertainty has made many would-be purchasers reluctant to commit. San Antonio also saw the largest home sales drop among major U.S. metros in the June-to-July period, a 4.1% month-over-month decline per Redfin data. Inventory continues to post year-over-year gains locally, which means sellers are competing against more options and, in many cases, need to be realistic about pricing and concessions to move a property. On the other side of that equation, buyers who are financially positioned to act have meaningful negotiating leverage right now — leverage that was largely absent two and three years ago.
One counterpoint worth noting: closed sales in San Antonio were up 16.3% year-over-year in June, the strongest growth among major Texas metros, per the TRERC report. That suggests demand isn't absent — it's selective. Transactions are happening, but at adjusted price points and with more scrutiny. For the luxury segment specifically, buyers are shopping carefully and sellers who price to current market conditions, rather than 2023 peak assumptions, are the ones closing. The pace of price decline is reportedly easing statewide, which may signal that the floor is getting closer. But "getting closer" and "arrived" are different things, and the data doesn't yet support the latter for San Antonio.