Decreased pending sales, showings, listing views indicate slow coming weeks for Houston real estate

by Emily Marek

The Houston Weekly Activity Snapshot from the Houston Association of REALTORS.

Pending listings declined 22.2% year over year in Houston during the week ended Oct. 12, according to the Weekly Activity Snapshot from the Houston Association of REALTORS®.

The drop in pending home sales points to slower sales in the weeks and months ahead, a trend reflected in a 5.1% decline in property showings and a 24.1% decrease in listing views on HAR.com.

Closings stalled as well, with 1,137 home sales during the week, down 11.4% year over year, while new listings dipped 3.6%, with 3,369 properties added to the MLS.

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