New home listings gained traction after Thanksgiving, still down from 2020

by Lindsey Wells

While Houston saw an increase in new home listings after Thanksgiving, numbers for the week ended Dec. 6 are still trailing behind the same time period last year, down 6% compared to 2020.

Realtors entered 2,266 properties into the Multiple Listing Service (MLS), marking the fourth consecutive weekly decline, according to the Houston Association of Realtors (HAR) weekly activity snapshot.

Pending listings also declined, dropping 6.3% compared to the same week in 2020. A total of 2,138 property listings went under contract, down from 2,281. 

Sellers withdrew fewer property listings from the MLS during week 48, as off-market listings remained 25.9% below where they were last year at this time.

Closings showed a strong recovery with more sold listings compared to the prior week. On a year over year basis, closed sales of homes totaled 2,715, up from last year’s 2,431, an 11.7% increase. 

Consumer traffic at property showings throughout the greater Houston area gained momentum this week but still remains 9.9% lower than last year. 

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