Active listings are up 80.1% in Houston compared to last January, according to the Houston Association of REALTORS®.

Homebuyers are returning, but sellers still aren’t filling the need as inventory remains low.

The most expensive listing of the month was listed by Frada Sandler of Dave Perry Miller Real Estate.

Homebuyer demand is rising, as mortgage applications rose 28% since November, and more prospective buyers are scheduling home tours.

The median sales price of a new home was down on a monthly basis but up on an annual one. 

Off-market listings are up 77.2% over January 2022 levels.

House prices, however, continued to rise, marking the 130th consecutive month for price gains, the longest streak on record, the National Association of REALTORS® said.   

A new report from Texas REALTORS® shows that million-dollar home sales increased in Texas from 2021 to 2022.

More buyers have entered the market in the past four weeks as mortgage rates fell.

New listings were up 0.7% during the week ending Jan. 16, according to the Houston Association of REALTORS® Weekly Activity Snapshot.

The increase in builder confidence breaks a string of 12 straight monthly declines in the NAHB/Wells Fargo Housing Market Index. 

Single-family home sales amounted to 95,113 in 2022, which is nearly an 11% decrease from the amount sold throughout 2021. That marks the first year of declining sales since 2015.

Breaking a streak of year-over-year decreases, new listings in the Houston Multiple Listings Service were up 3.3% in the first week of 2023.

Redfin attributes the drop to the record high mortgage rates, recession concerns, record low inventory, extreme winter weather and the holiday slowdown. 

Continuing a trend seen in the final months of 2022, off-market listings soared over 2021 levels in the final week of the year.

A record share of sellers are giving buyers concessions including money for repairs and mortgage-rate buydowns.