{"id":269364,"date":"2025-01-22T10:39:00","date_gmt":"2025-01-09T13:16:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-million-dollar-home-sales-in-texas-increased-by-10-in-2024\/"},"modified":"2025-01-22T11:40:02","modified_gmt":"2025-01-22T15:40:02","slug":"la-venta-de-vivienda-arriba-del-millon-de-dolares-aumento-10-en-el-2024","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/la-venta-de-vivienda-arriba-del-millon-de-dolares-aumento-10-en-el-2024\/","title":{"rendered":"Million-Dollar+ Home Sales in Texas Increased by 10% in 2024"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p class=\"prntac\"><b><i>Sales Worth <span class=\"xn-money\">$21.4B<\/span> Were the Second Highest Ever Recorded<\/i><\/b><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">AUSTIN, Texas<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Jan. 9, 2025<\/span><\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; The number of <span class=\"xn-location\">Texas<\/span> homes that sold for <span class=\"xn-money\">$1 million<\/span> or more from <span class=\"xn-chron\">November 2023<\/span> to <span class=\"xn-chron\">October 2024<\/span> was the second highest on record, according to the\u00a0<i><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4337051-1&amp;h=3956778043&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4337051-1%26h%3D4231480479%26u%3Dhttps%253A%252F%252Fwww.texasrealestate.com%252Fwp-content%252Fuploads%252F2024TexasMillionDollarHomeSalesReport-a.pdf%26a%3D2024%2BTexas%2BSales%2Bof%2BMillion-Dollar%2BHomes%2BReport&amp;a=2024+Texas+Sales+of+Million-Dollar+Homes+Report\" target=\"_blank\" rel=\"nofollow\">2024 Texas Sales of Million-Dollar Homes Report<\/a>\u00a0<\/i>released today by Texas REALTORS<sup>\u00ae<\/sup>. Collectively worth <span class=\"xn-money\">$21.4 billion<\/span>, the 12,888 homes represent a 10% increase over the previous year in number of homes sold.<\/p>\n<div id=\"prni_dvprnejpge1bfleft\" dir=\"ltr\" style=\"width: 100%; text-align: left;\"><img decoding=\"async\" id=\"prnejpge1bfleft\" title=\"Texas Association of Realtors logo. \" src=\"https:\/\/mma.prnewswire.com\/media\/1317682\/Texas_Realtors_Logo.jpg\" alt=\"Texas Association of Realtors logo. \" align=\"middle\"\/><\/div>\n<p>Only 4% of all homes sold in <span class=\"xn-location\">Texas<\/span> were million-dollar homes, but those properties made up 15.7% of all residential sales dollar volume in the state, which was an increase from 14.3% the previous year.<\/p>\n<p>&#8220;The high end of the <span class=\"xn-location\">Texas<\/span> real estate market continues to evolve,&#8221; said <span class=\"xn-person\">Christy Gessler<\/span>, Chairman of Texas REALTORS<sup>\u00ae<\/sup>. &#8220;As prices rise, more homes cross the million-dollar threshold. Some are highly valued for their size or amenities, but with many, the key factor is location.&#8221;<\/p>\n<p>Nearly 90% of the million-dollar homes sold in <span class=\"xn-location\">Texas<\/span> last year were in one of the four largest metro areas. At 38.7%, the <span class=\"xn-location\">Dallas-Fort Worth<\/span>&#8211;<span class=\"xn-location\">Arlington<\/span> area led by a large margin, with 4,992 homes worth a combined <span class=\"xn-money\">$8.5 billion<\/span>. The <span class=\"xn-location\">Houston<\/span>-Woodlands-<span class=\"xn-location\">Sugar Land<\/span> area was second, at 26.2%. <span class=\"xn-person\">Austin-Round Rock<\/span> had the third-highest percentage of <span class=\"xn-location\">Texas<\/span> $1 million+ sales with 19.1%, followed by <span class=\"xn-location\">San Antonio<\/span>&#8211;<span class=\"xn-location\">New Braunfels<\/span>, at 5.1%. The rest of <span class=\"xn-location\">Texas<\/span> combined for 10.9%.<\/p>\n<p>Three of the four largest metros saw significant increases in million-dollar home sales. The Dallas MSA had the largest increase at 14%. The <span class=\"xn-location\">Houston<\/span> and San Antonio MSAs followed with 10% and 4%, respectively. In the Austin MSA, sales were about the same as in the previous year. Sales of million-dollar homes were up 10% overall in <span class=\"xn-location\">Texas<\/span>.<\/p>\n<p>The average price per square foot of $1 million+ homes <span class=\"xn-money\">($418)<\/span> was more than double the average price per square foot of all <span class=\"xn-location\">Texas<\/span> homes <span class=\"xn-money\">($190)<\/span>.<\/p>\n<p>Million-dollar homes stayed on the market longer in 2024, rising to an average of 68 days from an average of 58 days during the previous year. Homes in this price range also increased in months of inventory, which estimates how long it would take to sell all homes currently for sale at the current pace of sales, from 7.6 months during the previous period to 8.1 months for 2024.<\/p>\n<p>&#8220;Homes in the $1 million+ category include an increasingly wide range of properties, each with its own special considerations,&#8221; Gessler said. &#8220;Buyers and sellers can always count on a Texas REALTOR<sup>\u00ae<\/sup>\u00a0to provide expert guidance for their individual situations.&#8221;<\/p>\n<p><b>About the Texas Sales of Million-Dollar Homes Report<br \/><\/b>The\u00a0<i>Texas Sales of Million-Dollar Homes Report<\/i>, previously known as the\u00a0<i>Texas Luxury Home Sales Report<\/i>, is provided by the Data Relevance Project, a partnership among Texas REALTORS<sup>\u00ae<\/sup>\u00a0and local REALTOR<sup>\u00ae<\/sup>\u00a0associations throughout the state. Data analysis is provided by the Texas Real Estate Research Center at <span class=\"xn-org\">Texas A&amp;M University<\/span>. The report analyzes home sales priced <span class=\"xn-money\">$1 million<\/span> and higher from <span class=\"xn-chron\">November 2023<\/span> through <span class=\"xn-chron\">October 2024<\/span> statewide and includes local data for the Austin, <span class=\"xn-location\">Dallas-Fort Worth<\/span>, <span class=\"xn-location\">Houston<\/span>, and San Antonio MSAs.<\/p>\n<p>CONTACT: <span class=\"xn-person\">David Gibbs<\/span>,\u00a0<a href=\"mailto:david.gibbs@hahn.agency\" target=\"_blank\" rel=\"nofollow\">david.gibbs@hahn.agency<\/a><\/p>\n<p>Logo &#8211; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4337051-1&amp;h=295118744&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1317682%2FTexas_Realtors_Logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1317682%2FTexas_Realtors_Logo.jpg\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/1317682\/Texas_Realtors_Logo.jpg<\/a><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>SOURCE  Texas Realtors<\/p>\n<\/div>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p class=\"prntac\"><b><i>Sales Worth <span class=\"xn-money\">$21.4B<\/span> Were the Second Highest Ever Recorded<\/i><\/b><\/p>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">AUSTIN, Texas<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Jan. 9, 2025<\/span><\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; The number of <span class=\"xn-location\">Texas<\/span> homes that sold for <span class=\"xn-money\">$1 million<\/span> or more from <span class=\"xn-chron\">November 2023<\/span> to <span class=\"xn-chron\">October 2024<\/span> was the second highest on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":269365,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-269364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/269364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=269364"}],"version-history":[{"count":"1","href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/269364\/revisions"}],"predecessor-version":[{"id":269518,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/269364\/revisions\/269518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/269365"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=269364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=269364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=269364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}