DALLAS, TEXAS
For the seventh consecutive year, the Dallas-Fort Worth metroplex (DFW) has secured its place among the top real estate markets in the U.S., with PwC and the Urban Land Institute dubbing the neighboring cities as the #1 region to invest in for 2025. Jerry Mooty, CEO of @properties lone star Christie’s International Real Estate predicts that buyer activity, showings, and overall transactions will continue to rise in 2025 as the area experiences a resurgence in buyer confidence and market activity. Despite a 2024 slowdown across many parts of Dallas, luxury enclaves like Highland Park, Preston Hollow and University Park have maintained their allure, driven by low inventory levels and a steady influx of demand.
While the median price across DFW slightly adjusted downward by 1.5%, luxury areas recorded price increases of up to 2%.
Texas continues to attract Fortune 500 companies and entrepreneurial ventures at an unprecedented pace. From SpaceX to Chevron, eight global companies moved their headquarters to Texas in 2024, citing low taxes, light regulations, and a relatively low cost of living. This bodes well for DFW’s luxury market, according to Mooty. “Company relocations bring growth, as well as C-level executives to the market, so we expect higher priced homes in the luxury areas of the market to continue to hold steady or increase in the coming year.”
AUSTIN, TEXAS
Following years of soaring home prices and volatility in Texas’ capital city, 2024 brought more stability to Austin’s real estate market.
The city’s booming tech and innovation industries continue to attract high-income earners, sustaining demand for luxury homes. “Major investments, such as Samsung’s $20 billion semiconductor facility and Tesla’s ongoing expansion in the region, further strengthen Austin’s economic appeal and its luxury housing market,” says Romeo Manzanilla, COO and broker of record for @properties lone star Christie’s International Real Estate. Manzanilla predicts Austin’s luxury home prices will continue to decline slightly throughout 2025, similar to many luxury real estate markets that experienced a boom during and immediately after the pandemic.
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