Summer Real Estate Report: Crunching the Numbers!

Summer Real Estate Report: Crunching the Numbers!

The pool at Ritz-Carlton Residences, The Woodlands

IS A HEALTHY, balanced real estate market finally here? Per HAR data, the answer is ... kind of? Inventory is at the highest level since 2011, prices are holding steady, and the city and metro area continue to grow in population. Having lost population after Harvey and Covid, the city welcomes significant yet sustainable growth — and a housing market that can handle it.


50%

The share of Ritz-Carlton Residences, The Woodlands under contract in its first week to market, according to Howard Hughes Holdings. It speaks to the trend of branded luxury condominiums; St. Regis also has a community in the works.

5

The number of months that it would take to sell all of the townhomes and condominiums currently on the market if things continued moving at the same pace, and no new listings were to hit. This June 2024 figure is the highest since September 2012, per HAR.

40

The percent of households in the Houston region that can afford a median-priced home with a 30-year, fixed-rate loan, per HAR. This figure was 42 percent in 2023.

23,800

The number of building permits for single-family homes issued in the Houston metro area so far in 2024, a 16 percent increase from one year ago, per the National Association of Home Builders. Texas leads the nation in number of permits issued.

80%

The percentage of multifamily units currently under construction that are located on the western side of the Houston metro area, per Yardi Matrix. The Cinco Ranch community has both the largest project — Resia Ten Oaks — and the biggest slice of the pie (11 percent).

Explore Houston's hottest neighborhoods here or the top real estate trends here.

Home + Real Estate
Thrive & Inspire: Kathy Anderson and Eklektik Team Happy ‘When Clients Are Happy’

Kathy Anderson, Eklektik Interiors Owner and Principal Designer, & the Eklektik team

WHAT WAS THE highlight of 2022 at your business? Winning Best of Show at the 2022 ASID Ruby Awards was very exciting. It was an honor to be recognized and supported by amazing industry partners and friends.

Keep Reading Show less

Lennon and 'Give Peace a Chance' (portrait courtesy Yoko Ono)

THE ATELIER OF Off the Wall Gallery, located on level one of The Galleria just above the ice-skating rink, is the site for Give Peace a Chance, a newly curated, premiere exhibition of limited-edition prints of artwork by John Lennon.

Keep Reading Show less
Art + Entertainment

Ferrari-Carano winery

MORNINGS IN THE 50s and crisp sunny afternoons, Michelin star restaurants, and world-class wineries are just a few reasons to visit northern Cali wine country this September. Another reason? The new Sonoma County Wine Celebration September 19-21, which replaces the annual Sonoma Wine Auction, the largest wine charity in the region. Read on for tips on making the journey an action-packed weekend, where to stay, and where to taste. Just make sure to pack your finest cowboy boots, y'all!

Keep Reading Show less
People + Places