New listings see improvement, remain behind last year’s numbers

by Lindsey Wells

New listing activity remained brisk in week 17 but trailed last year’s volume for a fourth consecutive week, providing little relief to inventory levels across Greater Houston. 

Realtors entered 2,990 properties into the Multiple Listing Service (MLS) during the week ended May 2, a 4.9% year-over-year decrease from 3,145, according to the Houston Association of REALTORS® weekly activity snapshot. 

Pending listings also registered a fourth consecutive decline, slipping 14.1% from the same week in 2021. A total of 2,585 property listings went under contract versus 3,010 last year.

Sellers withdrew fewer property listings from the MLS during week 17 than during the same week last year. Off-market listings remained 19.7% below where they were in 2021, with 911 homes going from active to off-market compared to 1,134 last year.

Closings returned to positive territory last week. A total of 2,781 homes were sold, a 4.2% increase from last year’s 2,668. 

Showings dropped 5.7% in week 17 compared to the same week in 2021. Showings attendance totaled 44,123, down from 46,783 last year.

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