Of the four major Texas metros, Houston luxury homes sales were the highest during a recent 10-month period. According to the Texas Association of Realtors (TAR), a total of 1,284 homes sold for at least a $1 million spanning January to October 2015. This sales total equated to a 4.5 percent rise in luxury transactions on a year-over-year basis.
- The West University/Southside, The Woodlands and Bellaire markets contribute the most Houston luxury sales.
- Luxury home sales activity has recently been declining on a monthly basis.
- Luxury home prices in Houston recently dipped 7 percent on a year-over-year basis.