There’s been no stopping Houston’s housing market throughout the recent months despite historically low inventory and deviation from seasonal trends. Several factors including the most recent winter storm that swept Texas, limited new construction starts, a new wave of Millennial purchasers, and disruptions by COVID-19 have all contributed to a lack of properties on the market. Each of these has had a different impact on Houston real estate and we explore them below.
All in all, if you have been considering putting your home on the market or selling an investment property, you should take advantage of these market conditions.
We were doing some statistical analysis, as we typically do this time of year, and found some interesting information by comparing sales in the Historic Districts against sales outside of these districts in The Heights. The Greater Heights area includes seven historic districts, each with slightly different characteristics. All seven have limitations on what can be done to a Contributing Structure.
