New listings lag 5% year over year, according to HAR’s Weekly Activity Snapshot.

Houston Realtors entered 2,555 properties into the MLS for the week ending Oct. 24. That’s a 5% decrease from last year, when 2,689 new properties were listed.

Pending listings trailed 2021 levels as well, with 1,811 properties going under contract compared to 2,692 properties in the same week in 2021 (a 32.7% decrease).

The report also found that closings are down 20.3% year over year, while off-market listings surpass 2021 levels by 35.3%. Traffic at showings has also decreased 10.3% year over year, while views of listings on HAR.com were down 42.3%.