Houston market gains momentum with positive shift in new listings

by Lindsey Wells

The first week of April ushered in a boost in new listings, a welcomed change for the Houston real estate market.

Realtors entered 3,001 properties into the Multiple Listing Service (MLS) in week 13. New listings were up 7.1% year over year, the greatest volume of new listings since week 32 of 2021, according to the Houston Association of REALTORS® (HAR) weekly activity snapshot.

Pending listings were in negative territory for the fourth consecutive week, dropping 7% from the same week in 2021. A total of 2,660 property listings went under contract versus 2,860 last year, marking the second-biggest weekly decline of 2022.

Sellers withdrew fewer property listings from the MLS during the week ended April 4. Off-market listings remained 21.5% below where they were one year ago. A total of 1,010 homes went from active to off-market status compared to 1,287 last year.

Closings sustained positive momentum in week 13, marking the third week of gains. Closed homes sales totaled 2,758, up 13.5% from last year’s 2,431.

Consumer traffic at property showings around Greater Houston was down slightly compared to the same week in 2021. Showings attendance fell 1.5% year over year, with showings volume totaling 41,135 versus 45,836 last year. Nevertheless, the report noted that showings have been increasing incrementally in 2022 as the spring buying season heats up.

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