New Houston listings have fallen behind 2020 by 17%, down for the fifth straight week, according to the Houston Association of Realtors weekly activity snapshot.
Realtors entered 1,936 properties into the Multiple Listing Service (MLS) compared to 2,331 during the same time last year.
Week 49 marked the most significant decline in pending listings since mid-February when they fell 34.6%. A total of 1,874 property listings went under contract for the week ended Dec. 13, compared to 2,383 last year, a 21.4% decline.
Off-market listings also fell, with sellers withdrawing fewer property listings from the MLS than during the same week in 2020. A total of 731 homes went from active to off-market status, down from last year’s 1,018, a 28.2% drop.
Sold listings are trailing last year’s numbers by 3.5%. On a year-over-year basis, closed home sales totaled 2,010 versus 2,083 for 2020.
Consumer traffic at property showings throughout the Greater Houston area continued to slow in week 49. Year-over-year showing attendance fell 4.3%, for a total volume of 30,769 showings compared to 32,137 for the same week a year earlier.