The volume of new listings across Greater Houston shifted positively in June, offering hope to aspiring buyers looking to take advantage of Houston’s replenishing housing inventory.
New listings rose 8.9% in June, with Realtors entering 15,238 properties into the Multiple Listing Service (MLS) versus 13,988 a year earlier, according to a new report from 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 MLS reports.
Active listings, or the number of available properties in Houston, jumped 38.6% year over year in June, with 17,869 properties in the MLS compared to 12,893 in June 2021.
While the average list price (ALP) for a Houston home increased 9.7% year over year to $438,195, it fell short of last month’s record-setting ALP of $441,303, the report noted.