Volume No. 23
Residential Properties in Austin $1 Million and above
Number of Luxury homes closed January 3rd to January 9th
There were 20 homes that closed at $1 million and above last week. Of that total 17 were single family homes not located on lakefront property, 2 were lakefront properties, and there was 1 condo in the mix.
While this week’s total was considerably less than what we normally see it’s not overly surprising. The start of the year is typically not the busiest and with everyone coming off the holidays this number is still a healthy number.
One contributing factor that I’m curious to see play out over the next two months in the lack of inventory. There is VERY little on the market. Once we see more inventory come online I fully expect to see the number of transactions to surge.