San Antonio real estate market slowing, but employment holding steady

Admittedly, residential real estate in San Antonio doesn't look as good as it did last month, with the pace of sales slowing 9.5% in September. The median home price dropped to $145,700 from last September's $147,700. This comes after several months of 1% to 2% appreciation, though, compared to other cities.  However, the economic prospects are good for a turnaround next spring.

Employment growth in health care and government, including the military, continues to help keep San Antonio's real estate market stable. The unemployment rate in September was unchanged at 5%. The job market gained 3,500 jobs, mostly "back to school" positions. Seasonal jobs, such as in tourism and construction, contributed to some 2,800 job losses, and the financial and professional business services sector gave up 500 jobs. Local government, health care, and education added 7,300 jobs in total. Going back to September 2007, the San Antonio metro area grew in job numbers by 2.1%.