San Antonio's housing market is experiencing a cooling trend, resulting in 10% of all listings at risk of selling for less than their purchase price. This figure is nearly double from last year and ranks fifth among the top 50 metros. Sellers who bought homes post-pandemic face the highest risk, with 30% vulnerable, compared to 15% from the pandemic period and just 1% from pre-pandemic purchases. Despite the risks, the majority of sellers still profit from sales, as 94% of homes nationwide sell above their purchase values.
In San Antonio, 10% of all listings are at risk of selling for less than homeowners bought them for, nearly double the share last year. Sellers who purchased their homes more recently are at the greatest risk, with 30% of those buying post-pandemic potentially losing money on a sale.
In contrast to national trends, which show 6% of sellers at risk of a loss, 15% of those who bought during the pandemic in San Antonio face similar risks; however, 1% of pre-pandemic buyers are at risk.
Despite a cooling market, sellers typically prefer to wait for a better offer rather than incur a financial loss on their sale. Nationwide, 94% of homes sell for more than their purchase price.
The San Antonio housing market was significantly impacted during the pandemic, with homebuyers rushing to find homes due to low mortgage rates, leading to skyrocketing prices.
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