According to the Dallas Morning News‘ real estate expert Steve Brown, a record-setting (nearly) 1,400 million-dollar homes were bought or sold in the DFW area in the first three quarters on 2018. This represents a 10% growth in estate size homes in our area!
Despite the record-setting sales figures, the number of local properties available for those in the million-dollar home market is low by national standards. According to Trulia, only 2% of D-FW area homes are valued at $1 million or more. This is less than the nationwide 3.6 percent share.
Trulia estimates that more than 3 million U.S. homes are now valued at $1 million or more, and the majority of them are in coastal markets in California and the Northeast.
The Dallas area ranks 33rd nationally among markets with the largest percentage of million-dollar homes.