New listings, listings under contract and closings in the Houston area all remain behind last year’s pace, the latest Houston Association of REALTORS® weekly activity snapshot showed.
Realtors entered 2,649 new listings for the week ending Aug. 22. That’s an 11.3% decline compared to the same week last year, which saw nearly 3,000 new listings.
A total of 1,882 listings went under contract, one-third fewer than the same week in 2021.
Closings for the week were 22.4% below last year’s number and failed to keep pace with 2021 for 11th consecutive week.
Showings increased 12.1% year over year to more than 35,000 last week.