Both new and active listings in Houston were higher in August than they were a year earlier, according to the First Real Estate Snapshot of Houston from the Houston Association of REALTORS®.
New listings jumped ahead of 2022 volumes last month, with 12,574 properties entered into the Multiple Listing Service. That’s a 2.1% increase over the amount entered in August 2022.
Active listings, meanwhile, rose to over 23,400 units. Compared to last year’s volume of 21,749 active listings, that’s a 7.7% increase. Active listings were still 19.8% lower than they were in August 2019, before the pandemic housing boom, however.
The average listing price also inched up 2.1% in August to $431,554, though prices are still trending below the all-time high of $441,748 in May.