The median age of inventory in Houston is 57 days, down from 83 before the pandemic began.

The home, located at 120 Carnarvon Drive, sits on nearly 27,000 square feet of land surrounded by gardens inspired by the gardens at Versailles.

Houston is one of the top real estate markets in the country, according to the Urban Land Institute and PwC’s Emerging Trends in Real Estate in 2023 report.

Of the homes listed in the previous 31 days, the most-expensive new listing in Texas is a 10,720-square-foot new build in Highland Park. The property, which is located in the Mount Vernon 03 subdivision in Dallas County, is listed just shy of $19 million.

Springwoods Village community Harper Woods is nearing a full close out, with only two properties still available for purchase.

Despite the slowdown, however, U.S. housing prices remain significantly higher than they were a year ago. 

“We are excited to expand our footprint in the Cypress community with the development of this luxury community joining our Houston portfolio,” said John Foresi, CEO of Venterra Realty.

Houston developer Canterbury Development has announced plans to break ground on a sixth apartment complex for people ages 55 and up.

Nationwide residential real estate brokerage Douglas Elliman Realty has announced the opening of a second office in Houston.

Many luxury home sales were closed in September, the most expensive being a 12,907-square-foot mansion on W. Friar Tuck Lane that sold for $7,990,000.

After 250 days on the market, Houston lawyer Tony Buzbee’s home’s listing price has been cut 27.7% to $20 million.

The Houston Association of REALTORS® was featured on the game show Jeopardy! this week. The episode, which aired Oct. 11, included a Daily Double that referenced HAR’s decision to eliminate the term “master bedroom” from listings.

The developers currently have 19 active communities — 15 of them in the Houston area — many of which contain open lots that will roll out to builders beginning in October and extending through the end of the year.

Landmark Properties broke ground on a build-to-rent community in the Houston suburb of Spring. The development is expected to be completed in 2024 and is part of a Landmark partnership with Principal Real Estate Investors.

The Greater Houston Builders Association honored the best in the business at the annual Houston’s Best PRISM Awards on Oct. 1.

Shea Homes has closed on a 300-acre property in Montgomery County for its newest master-planned community, Woodhavyn.