In some venues, luxurious and expensive homes may not be selling well, but some say that the market for luxury homes in Houston is still going strong for several reasons. Part of that reason is that the jobs market in Houston is still doing well, especially for jobs in energy and technology, as there are many brand name businesses there, especially in the oil and gas industry.
Single Family Luxury Homes in Houston Selling Well
Some realtors report that the single family house market in the luxury homes, Houston market is still far below the six-month home inventory mark, which means the market is doing pretty well for sales. This means if you are looking for a high-end house, you need to jump on putting in a bid or offer after you go see a listing or go to an open house. Predictions say that the millennial crowd will soon be looking to buy homes and many of them will likely do so in Houston.
Wealthy Buyers Love Houston Luxury Homes
Of course, it’s true that if you want to buy luxury homes Houston residents crave, then you have to be able to afford them. These homes usually cost more than $800,000 to over a million dollars and up, depending on the neighborhood and the type of house. That means that these buyers will need a hefty income to be able to afford them.
Diversity Helps Keep Luxury Market Firm
One of the things said to keep the market strong is the diversity in the Houston area. There are many kinds of people who work and make their homes here, thus plenty of people who need to find a place to live.
All in all, if you are looking for luxury homes in Houston to buy for your next residence, come to KW Memorial Realty to discuss the available choices.