Houston market hits winter freeze as new listings continue downward trend

by Lindsey Wells

The number of new listings in the Houston real estate market continued to trail 2020 levels as they closed out their sixth consecutive week of declines on Dec. 20, according to the Houston Association of Realtors (HAR) weekly activity snapshot. 

Realtors entered 1,742 properties into the Multiple Listing Service (MLS), a 9.2% drop from last year during the same time period.

Pending listings are also slightly down from a year ago. A total of 1,993 property listings went under contract during week 50, 1.3% less than the same week in 2020. 

Off-market listings remained 31.5% below where they were last year at this time. A total of 693 homes went from active to off-market compared to 1,011 last year.

Week 50 marked the second straight week of declines for sold listings. Closed sales of homes totaled 2,245 versus 2,343 for the same week in 2020, a 4.2% decrease. On a year-to-date basis, however, local home sales are 12% ahead of last year’s levels. 

Consumer traffic at property showings throughout the Greater Houston market remains slightly behind 2020 levels. Year over year attendance at Houston-area showings fell 5.1% for a total of 27,087 showings compared to last year’s 28,535.

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