Luxury home sales hot in Austin

​​​​​AUSTIN – Luxury homes sales in Austin are picking up. 

Prices are up and more properties are trading, but time on the market also has increased along with inventory.

Still, there are some positive indicators from the luxury home report for February 2017.

Forty-one properties sold, 13 more than February 2016:

• ​$1.5 million median price for homes sold over $1 million, 12.1 percent more than a year ago;

• ​$375 per sf, 3 percent more than a year ago;

• ​​$1.8 million average price for homes sold over $1 million, 17 percent more than a year ago; and

• ​$74,005,000 total volume, an astounding 71 percent more than a year ago.