Houston Market Movements - Week of March 13th

Across the U.S.A., tight inventory, lower affordability and higher mortgage rates continue to dominate residential real estate news. Employment in the construction industry had some of the largest gains and would be great to see this increase translate into an impact on the construction of new homes for sale.

  • New Listings increased 8.7% to 3,194
  • Pending Sales increased 20.6% to 2,164
  • Closed Sales increased 17.9% to 1,987

Source: Har