Dallas-area million dollar home sales down in second quarter
DALLAS – Last quarter, 357 North Texas homes priced at a million dollars or more changed hands.
That’s down 4 percent over the year, according to Coldwell Banker.
But during that same time, median prices for luxury homes rose almost 5 percent to $1.47 million.
Coldwell Banker reports that DFW million dollar homes sold in an average of 69 days. Last year, it took 80 days.
Sellers received an average of 93.6 percent of their asking price, up slightly from 93.3 percent in second quarter 2017. The most expensive second quarter sale was a $13.5 million estate in Dallas.
For the first half of the year, North Texas luxury home sales are still up about 4 percent with 896 sales.
Sixteen area homes priced at $10 million or more are on the market now, according to Realtor.com.
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