Page 36 - 2025 Housing Forecast

San Antonio
2025 Housing Forecast
San Antonio Housing Supply
Bryan Glasshagel
Overall Project Counts are Increasing in San Antonio Bexar (TX)
59 59
Guadalupe (TX) Comal (TX) Kendall (TX)
11 12
15 7
5 4
Medina (TX) 1
6
Key Trend (Last 12 Months)
60% of new projects are in Bexar County (MSA: 99 opened vs. 83 sold out)
Wilson (TX) 1 Atascosa (TX)
2
Project Counts Are Increasing Across Lower and Upper Price Points
Source: Zonda
© 2022 Zonda
Finished Vacant Inventory Levels Are Healthy – But Watch Counts
0 10 20 30 40 50 60 70 Opened Sold Out
$1mm+ 1
1
Key Trends
3,500 $200k - $299k – 44% of new projects
$750k-$999k 4
3,000 4
$300k - $399k – 15% of new projects
$400k - $499k – 11% of new projects
$500k-$749k 8
18
$500k - $749k – 20% of new projects
2,500 $400k-$499k 10
24
2,000 $300k-$399k 13
16
1,500 $250k-$299k
19
15
1,000 $200k-$249k
20
13 500 Under $200k
4
2 0
3,045 2.0
1Q1 2Q1 3Q1 4Q1 1Q1 2Q1 3Q1 4Q1 1Q2 2Q2 3Q2 4Q2 1Q2 2Q2 3Q2 4Q2 1Q2 2Q2 3Q2 4Q2 1Q2 2Q2 3Q2 4Q2 1Q2 2Q2 3Q2
888899990000111122223333444
3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0
Source: Zonda
© 2022 Zonda
Finished Vacant Supply
Source: Zonda; eSpatial
Source: Zonda
© 2022 Zonda
0 5 10 15 20 25 30
Opened
Sold Out
FinVacant (FV)
FVMos
Equilibrium
Equilibrium
10,100+ SF Resale Listings – But Not Competing (Yet)
Key Trend
88% of Texas builders said “little or no competition”
36
2025 HOUSING FORECAST
Rank Postal City
1 San Antonio
2 New Braunfels
3 Seguin
4 Converse
5 Boerne
6 Cibolo
7 Castroville
8 Bulverde
9 Von Ormy
10 Elmendorf
11 Marion
12 Schertz
13 Adkins
14 Saint Hedwig
15 Lytle
Top 15 Totals:
FV % of Total FV Mos. 1,441 47.3% 2.1 429 14.1% 3.0 346 11.4% 4.0 197 6.5% 2.8 143 4.7% 2.6 124 4.1% 3.5 64 2.1% 4.3 63 2.1% 1.4 41 1.3% 3.2 39 1.3% 2.6 38 1.2% 3.2 33 1.1% 4.7 27 0.9% 6.1 23 0.8% 0.8 17 0.6% 2.8 3,025 99.3% -
45,000
6.0 4.9
40,000
5.0 35,000
4.0
gni tsiL
s
30,000
sgni
solCebv
3.0 25,000
2.0 itcA
20,000
15,000
1.0 10,000
0.0
Copyright Zonda 2025
Source: NTREIS MLS
© 2022 Zonda
02-02-02-02-02-02-12-12-12-12-12-12-2-2-2-2-2-2-32-32-32-32-32-32-42-42-42-42-42-42-
naJrayaluJpeSvoNnaJrayaluJpeSvoNnaJrayaluJpeSvoNnaJrayaluJpeSvoNnaJrayaluJpeSvoN
MMMMMMMMMM
Annual Closings
Mos. Supply