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Texas luxury home sales top $10 billion
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AUSTIN, Texas, Dec. 17, 2020 /PRNewswire/ Texas homes that sold for $1 million or higher from November 2019 to October 2020 increased 23.5% to 6,347 sales, according to the 2020
Texas Luxury Home Sales Report released today by Texas Realtors. The annual report examining housing statistics for luxury homes in the Austin, Dallas-Fort Worth, Houston and San Antonio metropolitan areas also showed total sales of million-dollar and higher homes reached $10.3 billion, a 23.8% increase from the previous year. That total accounted for 8.8% of all sales dollar volume.
Marvin Jolly, 2021 chairman of Texas Realtors, commented, One reason we ve seen strong growth in luxury home sales despite the pandemic is that mortgage rates are so low. Buyers of high-end properties are finding they can buy more for their money, particularly when compared to many real estate markets in New Yo