BY AMIRA VAN LEEUWEN
a bit longer to sell, and we’re seeing more price adjustments and seller concessions,” Parreira said. He said a big reason for this trend is because there is a lack of active demand right now, as many buyers are “sitting on the sidelines” due to interest rates and affordability. “That said, it’s not uniform across the board. Well-priced homes in desirable areas are still moving quickly. So buyers have more leverage than they’ve had in a while, but the long-term fundamentals of this market are still very strong,” Parreira said. “People are seeing some concessions and some longer days on market,” he said. Homes in the 78132 ZIP code spent about 56 days longer on the housing market in March 2026 than in March 2021. Whereas homes in the 78130 ZIP code spent about 24 days longer on the market, according to the data. The dip in 2021 can be attributed to low interest rates, which gave buyers more purchasing power, Parreira said.
one-third since the conflict in Iran started, and in the second half of 2025, employers significantly reduced the number of jobs, said Christopher Walker, a member of the Board of Governors of the Federal Reserve System, in an April 17 speech. “Where people are already living paycheck to paycheck, something as simple as a gas price going up can make a difference in if they can afford their mortgage that month,” Montanio said. “The con- stant unknowns of what to expect from our market has been difficult in the last couple of years.” Chris Parreira, a broker associate with W.C. Miller Properties, also said high interest rates are keeping sellers locked into their homes. In both New Braunfels ZIP codes, interest rates—depending on loan type—range from 5.5% to 6.37%, according to JP Morgan’s mortgage rate calculator. He also said he would call the New Braunfels housing market balanced but trending toward a buyer’s market. “We’ve moved out of the extreme seller conditions of the past few years; inventory has increased to more normal levels, homes are taking
Fixed-rate mortgages over time A fixed-rate mortgage loan has a fixed interest rate set at loan origination that does not change over the life of the loan. This rate is determined by market conditions.
30-year fixed rate 15-year fixed rate
8%
6%
4%
2%
0%
April
SOURCE: PRIMARY MORTGAGE MARKET SURVEY/COMMUNITY IMPACT
31
NEW BRAUNFELS EDITION
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