DFW: So far this year, almost 1,400 million-dollar homes have sold in Dallas-Fort Worth. Since North Texas housing values are at record levels, more properties make it into the million-dollar category. Lendingtree.com says in Silicon Valley’s San Jose market, more than 56% of houses sell above the million dollar mark. And in San Francisco, million dollar properties comprise more than 42% of transactions. Dallas ranks 21st among major U.S. markets with the most million-dollar homes, with 2% of local housing valued above a million. Austin had the largest share of million-dollar homes in Texas and ranked nationally at #11. Lendingtree analysts said only 5.86% of owner occupied homes in the nation’s 50-largest metro areas are valued over $1 million. At the end of September, about 1,500 million-dollar homes were listed for sale by real estate agents in the North Texas market.
Read the November 15th Allmanac for the latest news in Dallas real estate!
November 15, 2019