Houston’s new inventory bounces back after weeks in decline

by Lindsey Wells

Houston’s housing inventory appears to be on a slight rebound, as new listings rose 1.5% during the last week of September, breaking a three-week run of declines.

Realtors entered 2,613 properties into the Multiple Listing Service during the week ended Sept. 27, compared to 2,575 a year earlier, according to the Houston Association of Realtors (HAR) weekly activity snapshot.

A total of 2,244 property listings went under contract, a 10.3% year-over-year decline.

Off-market listings saw a 24.2% decrease, with a total of 903 homes switching from active to off-market status, compared to last year’s 1,192. Sold listings were also down but continued to trend ahead of 2020’s record levels overall. Closed sales of homes totaled 2,125, compared to 2,147 in the same week last year.

Year-over-year traffic at Houston-area property showings was down 22.8%. Showings volume totaled 29,507, compared to 38,242 for the same week in 2020. In addition, HAR.com listing views decreased 16.3% from last year.

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