New residential listings continued to trail last year’s numbers in the most recent Weekly Activity Snapshot from the Houston Association of REALTORS®.
Realtors entered 1,343 properties into the Multiple Listing Service during the week ending Nov. 28, representing a 9.8% drop from the 1,489 properties entered the same week in 2021.
Pending listings trailed 2021 levels by a much steeper margin. Only 1,954 properties went under contract during the week, a 39.1% decrease year over year. Closings also lagged 2021 levels, with 20.8% fewer closed sales for the same week in 2022.
Consumer traffic at showings, however, has not significantly increased or decreased year over year.