Trends
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Compass agents listed four of the 10 most expensive listings in Texas this past month, with properties in Dallas, Highland Park, Fort Worth and Houston.
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The median-sales price slid from $425,600 in October to $402,600 last month.
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The year-over-year increase of 6.1% is the greatest since June 2021, according to the association.
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When 3630 Willowick Road was first listed for $29 million back in 2023, it was the most expensive listing in Houston history. Now, though the sales price is undisclosed, the home represents the second-most expensive Houston home sale on record.
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More buyers are touring homes and applying for mortgages as the 2024 housing market enters its home stretch, according to a new Redfin report.
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According to a report from CashNetUSA, renters in Bellaire (specifically, the 77401 ZIP code) only need to spend 13.68% of their annual income on rent.
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Taylor Swift’s cultural impact has moved beyond music and fashion into the design of ultra-high-end real estate.
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Houston is the 65th-priciest rental market in the country, according to Zumper’s November National Rent Report.
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A $20 million estate in Westlake tops the list of the 10 most expensive new listings in Texas.
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Despite the new record in September, the rate of increase continues to slow.
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The new findings come from real estate tech strategist Mike DelPrete.
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The increase follows two months of declines, the National Association of REALTORS® said.
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Over 60,000 Gen Zers moved to Houston in 2023, while 38,101 moved out. That’s a net gain of 22,868, up from 15,269 in 2022.
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Multifamily construction, meanwhile, rose on a monthly basis.
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Agents from COMPASS, Greenwood King Properties and Nan and Company Properties were responsible for listing and selling the top three most expensive homes in greater Houston last month.
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Houston households only needed to make an annual salary of $98,400 to afford monthly mortgage payments on the median-priced home.