The Houston Association of REALTORS® Monthly Activity Snapshot for September suggests a transition into more normal, pre-pandemic market trends.

New listings increased by 4.9% year-over-year, with 11,533 properties entered into the Multiple Listing Service (MLS) in September. Inventory in Houston currently sits at a 2.7-month supply, the highest level since July 2020. Pending listings are down 15.5%.

Active listings are up 51.9% compared to September 2021, when inventory volumes were historically low. Over 23,000 single-family homes are currently listed on the MLS, compared to 15,202 only a year ago.

September also marked the sixth month in a row for decreasing sales volume, with a 17% year-over-year decrease in closed home sales. However, property showings have increased in the past year, indicating that there is still consumer interest despite low purchase levels.