The Houston Association of REALTORS® Weekly Activity Snapshot shows that new, pending and closed listings trailed behind 2021 levels in the last week of the year.
Realtors entered 1,439 properties into the Houston Multiple Listing Service during the week ended Jan. 2, a 6.9% decline year over year. Pending listings trailed 2021 levels by a much larger margin, with only 1,136 listings going under contract compared to 1,710 the same time last year (a decrease of 33.6%).
Closed home sales entered the 30th consecutive week with year-over-year decreases. Closings fell 28.2% for the week ended January 2.
Continuing a trend seen in the final months of 2022, off-market listings soared over 2021 levels in the final week of the year. Over 2,600 properties were pulled from the MLS, which is a 52.5% increase year over year.