The big picture
The report ranks the top 10 communities in the Houston area by the greatest percentage increase in home purchases year over year. Compared to the first quarter's report, more communities closer to the Inner Loop made the top 10 list.
Communities closer to the city saw an increase in the number of home sales compared to last year, and the north and west areas of the metro continue to draw interest from homebuyers, according to the report.
The details
Timbergrove/Lazybrook tops the list with a 47.7% increase year over year in the number of homes purchased, with the average home price being $654,236. Porter/New Caney East maintained its second-place ranking, just like in the first quarter, with a 38.9% increase year over year, with the average home price being $305,543.
Other communities making up the top 10 include:
- Northeast Houston up 36.2% year over year
- Katy-Old Towne up 35.4% year over year
- Cypress South up 23.9% year over year
- La Marque up 17.4% year over year
- Shepherd Park Plaza Area up 17.2% year over year
- Fulshear/S.Brookshire/Simonton up 17% year over year
- Conroe Southeast up 14.9% year over year
- Magnolia/1488 up 12.6% year over year
“Although we are starting to see an increase in activity in some areas inside the loop, affordable housing continues to be the focus, and that’s attracting more people to smaller, outlying suburbs,” HAR Chair Cathy Trevino said in the release from HAR.
However, Trevino said there could be a spike in activity near downtown Houston as more individuals return to the office after a prolonged period of remote work during the pandemic.
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The top five luxury communities
This list ranks the communities with the highest price of homes. All five communities on this list for the second quarter are near downtown Houston and are priced over $1 million. These communities include:
- Briargrove
- West University/Southside
- Rice/Museum District
- River Oaks Area
- Memorial Close In
