Houston’s real estate market experienced a slight decrease in active listings M/M from around 21,000 to around 20,500 in January. Additionally, the Months of Inventory (MOI), which is a measure of how long it would take to sell all the current inventory at the current sales pace, remained unchanged from the previous month and is currently at 2.6 months.
Furthermore, the Y/Y increase in MOI is only 1.3%, indicating that the market has remained relatively stable compared to the same time last year. while the supply of listings in Houston is not necessarily balanced, the moderate level of demand has helped to stabilize the market.
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