New listings trail behind 2022 levels, according to the latest Weekly Activity Snapshot from the Houston Association of REALTORS®. However, an examination of sales activity from 2019 shows that the market is merely shifting back to pre-pandemic norms.

There were 2,417 new listings entered into Houston Multiple Listing Services during the week ended Feb. 27, which is a 1.7% decrease from the amount entered during the same time period in 2022. It’s an even larger decrease (-8.5%) from the amount entered in 2019 before the pandemic.

Pending listings also lag behind levels seen in 2022 by 15.5%, although they have increased by 1% from February 2019.

Closings follow a similar pattern: while completed home sales were down 31.8% from last year, they were up 17% from the same week in 2019. That’s the eighth week straight of year-over-year declines for closings.

Finally, listing views on HAR.com were down 40.1% from levels seen this time in 2022 — but were higher than the amount of views recorded during the week ended Feb. 27, 2019 by about two million.