According to the report, new listings are up 5.6% year over year with 11,641 new properties entered into the Multiple Listing Service (MLS).
Active listings are up as well, with a 48.3% increase over September 2021. Currently, 22,971 properties are listed in the MLS, representing a huge jump from the historically low inventory levels seen last year.
The average listing price has also increased, making a 12.6% jump over the cost of the average single-family home in 2021 ($379,927). The current average listing price in Houston is $427,670 — a slight decrease from the record-high of $441,303 in May 2022.