New listings remained their stronghold over 2023 volumes during the 20th week of the year, according to the latest Weekly Activity Snapshot from the Houston Association of REALTORS® (HAR).
Realtors entered 3,543 properties into the MLS during the week, a 12% increase over the same week in 2023, when 3,164 new listings joined the market.
Despite sustained inventory growth, closings and pending listings both declined annually. Pending listings fell 12.2%, with 2,172 properties going under contract, while closings fell 5.8%, with 1,830 homes sold.
Traffic at property showings also decreased by 10.1% annually, although listing views on HAR.com increased by 19.1% year over year.