New-listing activity in the Houston real estate market is steady, although still struggling to compete with last year’s numbers, according to a new report by the Houston Association of REALTORS® (HAR).
Pending listings suffered a 25.3% decrease during the week ended June 13, with 2,289 property listings under contract versus last year’s 3,066.
Sellers withdrew 7.5% fewer property listings from the MLS last week compared to the same week in 2021. A total of 921 homes went from active to off-market, down from 996.
Closings were 6.3% lower than last year during the same week, with closed home sales totaling 2,149 versus 2,294.
Consumer traffic at property showings throughout the Greater Houston area continues to trail 2021 levels. Year-over-year attendance was 18.1% lower in week 23, with showings volume totaling 40,588 compared to 49,538 last year.