Sellers have a great opportunity this season as buyer demand still heavily outweighs the current supply of homes for sale. According to the National Association of Realtors (NAR), today
Texas Luxury Home Sales Surge In 2018
Dated: December 14 2018
Views: 468
December 13, 2018 | TAR Staff
Luxury home sales and dollar volume were up more than 10% year-over-year, according to the 2018 Texas Luxury Home Sales Report.
The Texas Luxury Home Sales Report examines the market for homes sold for $1 million or higher in the Austin, Dallas-Fort Worth, Houston, and San Antonio metropolitan statistical areas.
From October 2017 to November 2018, 5,123 Texas homes sold for more than $1 million, an increase of 11.5% over the previous year. The dollar volume of Texas luxury home sales was $8,361,918,994 in the same period, an 11.3% increase. Homes sold for more than $1 million made up 8.5% of all sales dollar volume during the same span.
“Similar to other price ranges of the Texas housing market, luxury home sales are being driven by a thriving economy and an influx of out-of-state buyers moving to Texas,” said Kaki Lybbert, chairman of Texas REALTORS®.
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Lisa Ellard
With a background in marketing and journalism, Lisa Ellard is well-equipped to offer each of her clients savvy business advice, while always keeping their lifestyle needs a priority. She is a detail-....
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