New listings fell short of last year’s numbers in April, leaving Houston’s already-low housing supply even more depleted, according to a new report by the Houston Association of REALTORS® (HAR).
The First Real Estate Snapshot of Houston (FRESH) report, released by the HAR on the first day of every month, sums up the local real estate market between monthly Multiple Listing Service (MLS) reports.
Realtors entered 12,390 properties into the MLS last month, a 0.4% year-over-year decline.
Although new listings could not gain traction in April, active listings rebounded, rising 9.2% from the same month in 2021. The number of available properties in the Houston real estate market totaled 11,912 compared to last year’s 10,908, reflecting a slight slow-down in buying activity.
The average list price (ALP) for a Houston home climbed to a new record-high in April, up to $425,382 from $377,354 last year, a 12.7% spike. Pricing surpassed the previous ALP high of $414,555 reached in March, supporting ongoing concerns about housing affordability, the report noted.