Houston's Housing Market Saw a Modest Uptick In New Listings

By
Real Estate Agent with 281-804-2291 0549609

Houston's Housing Market Saw a Modest Uptick In New Listings

Houston's housing market saw a modest uptick in new listings last week, but it wasn't enough to offset declines in pending sales and closings.

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New listings on the Multiple Listing Service (MLS) increased by 6.9% during the week ending November 20, according to the Weekly Activity Snapshot from the Houston Association of REALTORS®. However, pending listings fell by 3% year-over-year, while closings dropped by 5.3%.

Despite the decline in sales, consumer interest remained strong. Traffic at property showings increased by 4% compared to the same week last year.

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The increase in new listings is a positive sign for the Houston housing market, but it remains to be seen whether it will be enough to boost sales activity.

Leslie Don Wilson
Realtor - ABR AHWD ALHS CIPS CNE CRS GREEN GRI MCNE SFR SRES TRLP
Houston - 281-804-2291 

 

Comments (2)

Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Houston sounds like a great place to live!  Thanks for updating us about what the market is like. 

Nov 28, 2023 04:03 PM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Great information for buyers & sellers in your area. Thanks for sharing your thoughts with us in the Rain!

 

Dec 06, 2023 10:08 AM