July kicks off with ‘statistically flat’ new-listing activity in Houston

by Lindsey Wells

The Fourth of July marked the end of week 26 for the Houston real estate market, with new-listing volume remaining nearly unchanged from the same week a year earlier.

A new weekly activity report by the Houston Association of REALTORS® (HAR) showed that Realtors entered 3,095 properties into the Multiple Listing Service (MLS) last week, up by just four listings compared to 3,091 in 2021.

Pending listings registered their sharpest year-over-year decline in week 26. A total of 1,821 property listings went under contract, a 35.5% drop from 2,821 in July 2021.

Sellers withdrew fewer property listings from the MLS during the week ended July 4 than during the same week in 2021. Off-market listings were 7.6% below last year’s numbers, with a total of 1,107 homes changing from active to off-market compared to 1,198 last year.

Closings remained strong last week but fell short of 2021’s record-breaking pace. Closed home sales totaled 2,547, down 5.9% from 2,706 in 2021.

The volatile market combined with the holiday weekend drove Greater Houston showings attendance to its lowest level of 2022, down 21.5% from the same week in 2021. Attendance totaled 33,991 compared to last year’s 43,325.

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