The Houston Association of REALTORS® First Real Estate Snapshot of Houston shows that while new listings are down year over year, active listings have increased by nearly 70%.

Per HAR’s report, new listings are down 4.7% year-over-year. However, the number of active available listings has increased by 68.7% since November 2021. This increase in inventory is a vast improvement over the historically low inventory levels seen in 2021.

The report also shows that the average listing price (ALP) in Houston has risen 6.7% to $416,561. The ALP reached an all-time high of $441,303 in May of this year, meaning housing costs have moderated significantly in the months since.