The real estate market in other parts of the country may be slowing down, but some communities in the greater Houston area are still seeing increased sales activity. Remote work is still an option for many employees, and buyers are taking this opportunity to choose outlying suburbs for their affordability and small-town feel. Based on HAR’s latest report, 10 communities showed an increase in the number of real estate transactions in the first quarter 2023 compared to the same time last year.
Leading the pack is Hockley with the greatest percentage increase of home purchases in Q1 2023, followed by Katy/Old Towne, La Porte/Shoreacres, Porter/New Caney East, and Cypress South. The communities of Tomball, Sienna, Five Corners, Denver Harbor, and Magnolia/1488 East also so modest increases year over year.
The HAR report also looked at the hottest luxury Houston communities where homes are priced over $1 million. The River Oaks Shopping Area was the most active luxury community in the first quarter of 2023, followed by West University, Rice/Museum District, River Oaks, and Bellaire.
If you’re interested in finding out more about these communities, or other communities in the greater Houston area, connect with me through the form below.
