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I am pleased to share these latest statistics with you. It is essential to bear in mind that 'all real estate is local,' and the statistics provided here represent the broader Houston area. Therefore, I strongly encourage you to seek the expertise and support of your trusted REALTOR® who possesses specialized knowledge of your specific local market.
2022 vs 2023 including Pre-Pandemic and Super Low Interest Rates (2019) comparisons:
| DATA POINT | 2023 vs 2022 | COMMENTS |
| New Listings | +4.3% |
2023 vs 2019 is statistically equal |
| Pending Listings | -4.1% |
2023 Lagged 2019 by approximately 4.5% |
| Closings | -4.8% |
When compared to 2019 closings were unchanged |
| Showings | +7.0% |
This is a good number and shows a normalizing market when you consider that 2023 is statistically equal to 2019. |
| HAR.com Views | +22.8% |
This is an excellent sign the market understands interest rates are unlikely to change significantly for the foreseeable future and due to low inventory home prices are also unlikely to drop further than we’ve seen. |
Please know that I am always available to assist you and I genuinely appreciate your referrals and the trust you place in me.
Blessings!
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