real estate

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
promoted

Make-A-Wish CEO Yara Elsayed Guest Says Nonprofit Will Grant 1,000th Wish this Summer

Make-A-Wish CEO Yara Elsayed Guest Says Nonprofit Will Grant 1,000th Wish this Summer

Describe the mission of Make-A-Wish. Make-A-Wish Texas Gulf Coast and Louisiana grants life-changing wishes for local children battling critical illnesses, serving 47 counties in Texas (from Lufkin to Corpus Christi) and the entire state of Louisiana. We are on a quest to bring every eligible child’s wish to life because a wish is an integral part of a child’s treatment journey.

Keep Reading Show less
travel

California Dreaming? Kick off Your Wine-Country Stay — in Western Boots! — at Sonoma County Wine Celebration

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
promoted

Introducing Dina Owner of Eyelashes by Dina

STEP INTO A world of luxury with Dina, the visionary owner of Eyelashes by Dina, nestled in the prestigious Saint James Place. Embrace the artistry of bespoke lash extensions, meticulously tailored to meet your every desire. With a decade of industry expertise, Dina elevates the lash game to an unparalleled level of sophistication. Discover a serene and elegant oasis, where every lash experience is a masterpiece. Indulge in the refinement of luxury, only at Eyelashes by Dina.

Keep Reading Show less