2013 was a big year for the luxury home market in Dallas-Fort Worth. Million dollar and higher home sales saw a big jump, with a 22 percent increase year-over-year and the demand is expected to continue - and even rise this year.
Each of the top four metro markets in Texas saw year-over-year increases - most of them quite dramatic - in the million-dollar market.
Dallas-Fort Worth ranked No. 3 on that list at a 22 percent increase in luxury home sales. Austin saw an increase of 55 percent in luxury homes sales in 2013, followed by Houston at 46 percent and San Antonio at 18 percent, according to the association's report.
The rise in demand for luxury homes reflects the state's growing economy and increasing population, according to the Texas Association of Realtors. Now, the increase in luxury home sales has influenced potential home buyers to place their mansions on the market.
