78006
San Antonio, Texas

The 78006 market shows momentum with a median sale price of $584,950 and year-over-year appreciation of 8.5%, outpacing inflation and indicating sustained demand in this price tier. However, inventory absorption has slowed considerably, with homes averaging 113 days on market—well above the 60-day threshold typically associated with balanced conditions. Only 7% of sales close above asking price, confirming that bidding wars have largely disappeared and negotiating leverage has shifted away from sellers compared to recent years.

These conditions favor patient buyers with pre-approved financing who can navigate the sub-$600K luxury segment without time pressure. Sellers with equity built from previous appreciation cycles can still exit profitably, but must price within 2-3% of comparable sales to avoid extended market time. Investors seeking cash flow will find the 113-day absorption period problematic for fix-and-flip strategies, though buy-and-hold positions may benefit from the continued 8.5% annual appreciation if employment fundamentals remain stable.

The PropIQ score of 61 signals caution rather than opportunity, suggesting current pricing may be reaching resistance levels relative to local income growth and mortgage rate environments. Watch for days-on-market trends in March and April; any movement past 120 days would indicate oversupply conditions requiring price corrections of 5-7%. The gap between appreciation rate and sales velocity suggests a market transitioning from growth phase to consolidation.