Dallas' Luxury Market is in the Money
Did you know that sales of million-dollar homes in Texas soared to an incredible $21.4 billion in 2024? And leading the charge? The Dallas-Fort Worth metro area, with nearly 5,000 luxury homes sold—marking a 14% increase from the previous year! Whether you're considering buying or selling a luxury property in the Metroplex, understanding all of the market indicators in your specific neighborhood is critical to making the best decision for you.
Key Takeaways from the Latest Report:
DFW Leads the Luxury Market – 39% of all million-dollar homes sold in Texas were in the DFW metro area, totaling $8.5 billion in sales.
Market Shifts in Luxury Real Estate – High-end homes stayed on the market longer, averaging 68 days, offering buyers more negotiation power.
Premium Price Per Square Foot – Luxury homes in Texas averaged $418 per square foot, more than double the state’s overall average.
Growing Inventory – With months of inventory rising to 8.1, we’re seeing an increasing buyer-skewed market where buyers continue to have the most leverage.
If you’re thinking about making a move in the luxury market, now is the time to strategize. Taking advantage of today's luxury market is about proper positioning and selling strategy along with expert negotiation. We specialize in DFW’s premium to high-end real estate market and are ready to help you navigate your next step with confidence.
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The DFW luxury market is evolving, and having the right strategy can make all the difference. Whether you’re buying, selling, or simply exploring your options, we’re here to help you maximize your success during life's real estate moments. We look forward to assisting you!
