Luxury sales were up overall in Houston in January, as the Houston Association of Realtors reported, but sales over $1 million were down.
In December, three Houston neighborhoods had double-digit sales of homes over $1 million. That was not the case last month, as our below table illustrates. Galleria-Uptown was the most active luxury market, with a total of seven sales, but that's down by almost 50 percent from the month prior.
The decline is likely a reflection of both the season, which tends to see a slope in sales, and the sales increases in lower but still higher-end price points.
|Neighborhood||$1M+ Sales||Average Sale Price|