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.

Despite the fact that new listings have decreased year over year, consumer interest has also waned, creating a surplus of available properties.

Rental website RentHop has updated its list of the least affordable cities for singles — and the Bayou City has risen in the ranks.