New Houston listings gained momentum in suburban and rural areas in November while remaining sluggish in urban areas, according to the Houston Association of Realtors (HAR) Multiple Listing Service (MLS).
Realtors entered 9,236 properties into the MLS last month, up 3.2% from the same month last year.
Active listings were down 17.4% year-over-year and continue to reflect steady home-buying across the greater Houston market. The MLS showed a total of 13,858 properties, compared to 16,777 in November 2020.
The average list price for a Houston home climbed 11.1% year-over-year to $390,401. Despite the increase, this figure is below the record price of $399,510 reached in June. In November 2020, the average list price was $351,417, the report noted.