High-Rise Market (Very) Difficult for Sellers

I have just done an analysis of the Houston high-rise market and it has not changed very much over the last five years. Yes, there have been many sales but the supply still is over-abundant in the Houston area. There are four areas where high-rises are concentrated: Downtown, Uptown, River Oaks/Greenway and the Museum District. Lately there have been many new projects announced, citing "unmet demand" but they don't look like a good investment to me and I always counsel my clients away from them.

I am not going to publish my high-rise market condition analysis because I know it is missing important data: Many of the available units are not listed in the MLS database and the developer is trying to sell them directly to the public. That's OK with me, but it means my data is not reliable, and I just hate that!