Texas Luxury Home Sales Surge In 2018

Dated: December 14 2018

Views: 337

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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