New, pending and closed listings are down in Houston — but consumer traffic at showings indicates that there is still significant demand in the Houston market.

Traffic at property showings, via HAR

The Houston Association of REALTORS® Weekly Activity Snapshot for the week ended May 29 shows that new listings were down by 4.5% year over year, while pending listings were down by 15.4%. Closings also continued a months-long streak of year-over-year declines, with 17.3% fewer home sales .

Despite this, showings have increased in Houston, rising 11.2% year over year to almost 41,000.

“One year ago this week, property showings slowed as mortgage rates began to rise,” HAR’s report states. “Now, a year later and with interest rates still up, showings are seeing some positive momentum.”