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New listings continue to provide ample choice to Houston buyers

by Emily Marek

New listings towered over 2023 volumes for the 12th consecutive week in Houston, according to the Weekly Activity Snapshot from the Houston Association of REALTORS® (HAR).

Realtors entered 3,852 properties into the MLS during the week ended June 24, an 18.5% increase year over year. During the same week in 2023, only 3,251 new listings were added to the market.

However, pending and closed listings both dragged behind year-ago volumes. Pending listings fell 5.4%, with 2,314 properties going under contract compared to 2,447 a year prior, while closings dropped 10.4%, with 1,765 homes sold compared to 1,969.

Low sales activity combined with increased new listings means ample choice for Houston buyers — and buyers are interested, as evidenced by the 41% year-over-year increase in listing views on HAR.com. However, for a multitude of reasons, including high prices and stubborn mortgage rates, these buyers are staying put on the sidelines.

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