New listings in Houston failed to meet 2023 volumes in July, according to the First Real Estate Snapshot of Houston (FRESH) Report from the Houston Association of REALTORS® (HAR). That’s the first annual decrease of 2024.
Realtors entered 12,454 properties into the MLS last month, a 2.8% decrease from July 2023. Recall that market activity took a hit in Houston in the wake of Hurricane Beryl, as noted in HAR’s Weekly Activity Snapshot from the week ended July 15, during which listings dropped 34.6% year over year.
However, due to stalled sales activity, active listings rose 31.1% year over year in July, with 29,635 properties on the market during the month. Meanwhile, the average listing price increased 5.2% to $460,616, up from $437,703 a year prior.
Emily Marek
Source link