Recent reports note selling prices for top homes in Dallas and other luxury markets in Texas showed growth or continued strength in the second quarter of 2012.
Dallas was one of the few markets to post gains in median sales price, ranking it 12th among S&P/Case-Schiller’s 20 index markets. All of that bodes well for the luxury home market.
“In the second quarter, I saw a renewal of confidence in homebuyers, and that came from the lower interest rates. I haven’t seen that kind of confidence in a long time,” said Robbie Briggs, president and chief executive officer, Briggs Freeman Sotheby’s International Realty in Dallas.