"Austin's luxury real estate market brought in $4.1 billion in 2024"
Posted by Grossman & Jones Group on
CultureMap Austin shares, "A new 2024 report from Texas Realtors has revealed the number of homes that sold in the state for $1 million or more increased 10 percent from last year to reach its second-highest peak ever recorded.
According to the report's findings — which calculated sales data from November 2023 to October 2024 — Texas' luxury real estate market accounted for $21.4 billion in economic activity. The period from November 2021 to October 2022 still holds the current statewide record, which is $22.6 billion.
A total 12,888 homes sold for at least $1 million during this time, which represented nearly 16 percent of all Texas residential home sales.
May 2024 was the busiest month for Texas' luxury home sales. Nearly 1,580 homes were…
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