logo
FSBO Talk Straight discussion about buying and selling homes with out the use of traditional real estate methods.

Real Estate Trends

New Houston listings continue to drop

New Houston listings continue to drop

Houston Agent Magazine 

By Lindsey Wells

Houston’s inventory of new listings continues to spiral downward from previous weeks, dropping 20.1% from a year ago, according to the (HAR) weekly activity snapshot.

During week 37 (ending Sept. 20) of this year, Realtors entered 2,302 properties into the Multiple Listing Service (MLS), down from 2,882 the same week last year. Despite this, new listings are trending above 2020 levels.

Pending sales were also still down, with a total of 2,247 listings under contract compared to last year’s 2,796.

Off-market listings decreased 28.9% from the same period in 2020. Sellers withdrew 916 homes from the MLS compared to 1,289 last year.

Sold listings ended a six-week positive run with a slight decline during week 37. A total of 2,175 listings closed, down from 2,205 last year: a 1.4% decrease.

Showings continued to draw fewer consumers than they did last year. Year-over-year traffic at Houston property showings was down 34.6% for a volume totaling 28,026 compared to the previous year’s 42,833. In addition, HAR listing views were down 16% from the same week in 2020.

 

Note from Texas FSBO - with listings in high demand we are in a strong sellers market.  Why pay and agent 6% when you can sell with no or low commission?  Call TexasFSBO.com today. 

Comments

There have been no comments made on this article. Why not be the first and add your own comment using the form below.

Leave A Comment

Please complete the form below to submit a comment on this article. A valid email address is required to submit a comment though it will not be displayed on the site.

HTML has been disabled but if you wish to add any hyperlinks or text formatting you can use any of the following codes: [B]bold text[/B], [I]italic text[/I], [U]underlined text[/U], [S]strike through text[/S], [URL]http://www.yourlink.com[/URL], [URL=http//www.yourlink.com]your text[/URL]