Texas luxury residential agents expect steady growth in sales this spring, following a year of mixed results, according to a Mar. 12 report. In 2025, the number of residential sales above $1 million reached a record 14,400 homes, based on data from Texas Realtors. However, the market last year reflected a recovery period with marginally increased inventory and slower deal growth, resembling pre-pandemic trends.
The topic is significant as it highlights shifting patterns in Texas’ high-end real estate sector after years of volatility. Agents are optimistic about continued demand in major cities such as Dallas, Austin, and Houston due to factors like industry relocations and changes in the energy sector.
Dallas maintained its position as the leader in expensive residential deals last year. The most costly home sold for $30.5 million. Pogir Pogir of Briggs Freeman Sotheby’s International Realty said, “With all the financial companies coming here, with the new Texas stock exchange, with people like Goldman Sachs coming here, I just feel good about the kind of people that are coming to Dallas.” Pogir currently holds the state’s highest-priced listing at $64 million and added, “I’m expecting it to be one of my best years this year.”
In Austin, Amy Deane of Moreland Properties noted that while recent years saw fewer out-of-state buyers after an initial tech-driven surge in 2021 and 2022, this trend is reversing. “Last year, I had 52 transactions, and probably 90 percent of them were from in-state local buyers just moving. This year, every single transaction I have pending is an out-of-state buyer,” Deane said. She also commented on lending conditions: “When interest rates adjust, I do see a little bit more market movement… When those interest rates are lower, they feel like it’s a good time to buy because they can put their money into other investments that will make more.”
Houston’s luxury market remains closely tied to energy prices but has diversified since previous oil shocks affected mansion values more than average homes. Laura Sweeney of Compass predicted ongoing demand for high-rise living: “The demand for high-rise living with hotel-style amenities and resort-inspired outdoor spaces will continue to climb.” While Houston had nearly 44,000 homes listed by late summer last year—leading to stagnating average prices—sale prices rose in River Oaks and Memorial neighborhoods.
Looking ahead, agents across Texas’ largest cities anticipate robust activity through spring as new developments emerge and economic shifts continue influencing buyer behavior.
