HAR: New listings are a good sign for housing inventory

by Emily Marek

New listings are up this week, according to the Houston Association of REALTORS®’ Weekly Activity Snapshot. Realtors entered 2,869 properties into the Multiple Listing Service (MLS) in the past week, an 11.7% year-over-year increase that indicates a healthy step in rebuilding housing inventory.

Pending listings are still down, marking a 31.4% year-over-year decline in properties that went under contract. Off-market listings also were also 25.3% higher than they were during the same time period in 2021.

Additionally, closings trailed behind 2021 levels for the 17th week straight. Closed home sales amounted to 2,337, a 15.3% year-over-year decrease. Showings and HAR.com listing views are also down, representing a decrease in consumer traffic.

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