HAR: New listings are up, but closings are still down

by Emily Marek

New listings are finally up in August, according to HAR’s Weekly Activity Snapshot.

Though new listings have been down from 2021 for the past three weeks, there was a 6.3% year-over-year increase in the amount of properties entered into the Multiple Listing Service from September 13 to 19.

Pending listings still consistently fall behind 2021 levels, with 2,024 properties going under contract in comparison to 2,642 during the same time period last year.

Closings fell for the 15th straight week with a 20.2% decrease from 2021. However, numbers at showings remain strong, increasing for the fifth consecutive week.

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