Prices Soar, Sales Stall in Housing Market | San Antonio News

Housing prices hit record highs in July at $434,100, but sales are slowing—marking a wild market paradox. After 37 straight months of year-over-year price gains, fewer homes are selling, partly due to sky-high mortgage rates over 6.5% and homeowners holding tight to their low-rate loans. Meanwhile, luxury homes ($1M+) saw a 15% sales surge, while affordable homes under $250K lagged. Nationwide, the market’s showing surprising stability—with year-to-date sales up—but experts say rates closer to 6% would spark much stronger activity. It’s a fractured landscape: prices keep climbing, sales stall, and buyers and sellers are stuck in a tense standoff. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/30a8af1e181f262a