Luxury homes were the fastest-growing segment of the Texas housing market in 2017, with double-digit gains in both sales volume and sales dollar volume among Texas homes sold for $1 million and higher.
From November 2016 to October 2017, Texas luxury home sales increased 19.1 percent to 4,622 sales, and sales dollar volume jumped 19.9 percent to $7,558,278,236 from the same time frame one year prior. Locally, luxury home sales in the Austin, Dallas-Fort Worth, Houston and San Antonio Metropolitan Statistical Areas (MSAs) experienced double-digit growth as well.
For more information, read the report from the Texas Association of Realtors. Questions about buying or listing your luxury home? Contact us at 512-740-0071 or email email@example.com.