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
Wellness Pro LeBrina Jackson on Gratitude at the Holidays: It’s a ‘Reset Button for my Mind’

LeBrina Jackson

AS WE GET into the holiday season, we’re reminded of what we have, what we want and what might be lacking. As Sheryl Crow says in her song, Soak up the Sun, “It’s not having what you want, it’s wanting what you've got.” We caught up with LeBrina Jackson, owner of Escape Spa in Cypress, Texas, and learned how she tackles the holiday season with hope, love and most importantly, gratitude.

Keep Reading Show less

Chairs Elia and Michael Gabbanelli

ANOTHER YEAR, ANOTHER sold-out Wine Dinner and Collector's Auction for the Houston Symphony. This year's event was chaired by Elia and Michael Gabbanelli, and raised more than $900,000 for the Symphony's education and community programs.

Keep Reading Show less
Art + Entertainment

Chef-owner Austin Waiter of The Marigold Club, now serving fried chicken and Champagne on Sunday nights.


IF YOUR SUNDAY nights could use a little sparkle—and a lot of fried chicken—The Marigold Club has just the thing. Starting May 25 at 5pm, the Montrose hotspot known for its playful mix of Southern charm and London polish is rolling out a new weekly tradition: Fried Chicken & Champagne Sundays.

This isn’t your average comfort food situation. We're talking a shareable fried chicken dinner for two, made with farm-raised birds from Deeply Rooted Ranch, and served alongside buttery whipped potatoes, minted peas, aged cheddar scones, and some over-the-top sauces — including a foie gras sauce supreme that’s as extra as it sounds.

Keep Reading Show less
Food