Houston real estate market sees typical holiday lull

by Lindsey Wells

The holiday season is in full swing, causing slower activity in the Houston real estate market, according to the Houston Association of REALTORS® weekly activity snapshot

Realtors entered 1,010 properties into the Multiple Listing Service (MLS) during week 51, a 14.8% dip from last year during the same time period. This is Houston’s seventh consecutive weekly decline in new listings.

Pending listings tumbled 10% compared to the same week in 2020. A total of 1,258 property listings went under contract versus last year’s 1,397. This marks only the second weekly decline in pending listings since early October.

Fewer listings (2.2%) were withdrawn from the MLS during the week ended Dec. 27 compared to the same week last year. A total of 657 homes went from active to off-market status compared to 672 in 2020. 

After two straight weeks of declines, sold listings edged up for a total of 1,651 versus 1,626 last year, a 1.5% increase. On a year-to-date basis, local home sales are running 12% ahead of 2020 levels.

Consumer traffic at property showings was on the decline with families taking time off for the holidays. Year-over-year attendance fell 12.5% for a total of 17,552 showings compared to 20,067 for the same week one year ago, the report noted. 

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