Mid-April brings fewer listings, closings for Houston real estate

by Lindsey Wells

Last week marked the sharpest decline of the year for new listings in Greater Houston, according to the Houston Association of REALTORS® (HAR).

HAR’s most recent weekly activity snapshot revealed that Realtors entered 2,400 properties into the Multiple Listing Service (MLS) during the week ended April 18, down 19.4% from 2,978 in 2021. 

Pending listings saw their most significant year-over-year decline last week, falling 30.8%. A total of 2,305 property listings went under contract versus 3,333 last year. This is the second consecutive week that pending listings were in negative territory.

Sellers withdrew fewer property listings from the MLS during week 15 than during the same week a year earlier. Off-market listings remained 28.4% below where they stood in 2021. A total of 643 homes went from active to off-market compared to 898 last year. 

After four consecutive weeks in positive territory, closings fell 9.6% year over year, down from 2,187 to 1,978.

Showings attendance decreased 21%, with 39,945 showings versus 50,558 during the same week in 2021. Fewer homes on the market equates to fewer showings to attend, layered on top of consumer jitters over rising mortgage rates, the report noted.

Read More Related to This Post

Join the conversation

Oops! We could not locate your form.