The Houston Association of REALTORS® has released their First Real Estate Snapshot of Houston (FRESH) Report for January, comparing Houston’s real estate market today to that of January 2022.

New listings are up 0.8% year over year, with only 9,664 new listings entered into the Multiple Listing Service.

“The start of the year is a traditionally quiet time for real estate, and that was indeed the case in January with a fractional uptick in new listings,” HAR’s report states.

However, active listings are up 80.1% compared to last January. This means that while inventory is much less sparse than it was during the pandemic and through the beginning of 2022, buying activity has decreased significantly as well.

The average listing price (ALP) has also increased year-over-year: the average Houston home sold for $397,849 in January, which is a 3.1% increase over January 2022 when the ALP was $385,994. The current ALP is still far below the all time high of $441,303, which was seen in May 2022.