Activity dipped in the Houston housing market during the second week of the year compared to the same week in 2021, the Houston Association of REALTORS® weekly snapshot showed.
Overall, there were fewer new listings, closings and showings during the week of Jan. 11-17 compared to the second week of January 2021, the report said.
“The Houston housing market is experiencing a sluggish start to the new year with a second consecutive week of declining new listings,” the report said. “Realtors entered 2,240 properties into the Multiple Listing Service (MLS) compared to 2,683 during the same week in 2021. That represents a drop of 16.5% and means inventory levels remain at historic lows.”
Closings for the second week of the year were at 1,447 compared to 1,466 in 2021, a 1.3% decline.
Showings dropped 1.7% from 43,573 in 2021 to 42,817 during the same week this year.