Dallas-area million dollar home sales down in second quarterDallas-area million dollar home sales down in second quarterhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=206382018-07-17T05:00:00Z2018-07-17T17:00:00Z

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.

Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2018/07/16/fewer-dallas-area-million-dollar-homes-sold-second-quarterRead more at {Source}

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