Dallas Luxury High-Rise Market Update: Third Quarter 2026
A More Selective Market Creates New Considerations for Buyers and Sellers
Dallas luxury high-rise living continues to offer an appealing combination of convenience, amenities, security, and a lock-and-leave lifestyle. But the latest sales figures show that buyers and sellers are navigating a more measured market in 2026.
My third-quarter review examines sales of $500,000 and above across 20 Dallas luxury high-rise condominium buildings, comparing January 1 through September 30, 2026, with the same period in 2025.
The results reveal an important distinction: while overall sales have slowed, activity varies considerably by price range. Understanding those differences is essential when evaluating a particular residence.
The Dallas Luxury High-Rise Market at a Glance
Through September 30, 2026, the 20-building market recorded 65 sales, compared with 72 during the same period last year—a decline of approximately 10%.
Other key indicators include:
Average sales price: $1,760,292, down approximately 5.7% from 2025.
Average sales price per square foot: $643, down approximately 6.1%.
Average sale-to-list-price ratio: 94%, compared with 96% last year.
Average days on market: 117, up from 100 days.
Taken together, these figures suggest that buyers are taking more time to make decisions and that pricing expectations deserve careful attention. They do not mean every building or residence is experiencing the same conditions. Individual results depend on factors such as location, views, floor level, floor plan, updates, amenities, and the financial health and costs of the condominium association.
A Closer Look at the Three Price Ranges
$500,000 to $999,999: Fewer Sales, but a Shorter Time on Market
Sales in this price range declined from 23 in 2025 to 17 in 2026, a decrease of approximately 26%.
The average sales price fell from $731,261 to $658,647. However, average days on market improved from 141 to 111, and the average sale-to-list-price ratio increased from 95% to 96%.
For buyers seeking an entry point into Dallas luxury high-rise living, this segment merits a closer look. A lower average sale price may create opportunities to compare residences and buildings, although individual property condition, monthly HOA dues, and upcoming building expenses remain important considerations.
$1 Million to $1.99 Million: The Most Encouraging Sales Trend
This segment recorded 30 sales through September 2026, compared with 25 during the same period in 2025—an increase of 20%.
The average sales price was $1,414,767, down approximately 1.9%. Average days on market increased from 71 to 118, while the average sale-to-list-price ratio declined from 97% to 94%.
The increase in transaction volume makes this price range a notable part of the current market story. At the same time, longer marketing periods and a wider gap between asking and selling prices reinforce the importance of realistic pricing and informed negotiations.
$2 Million and Above: A Luxury Market That Rewards Precision
Sales of $2 million and above declined from 24 to 18, a decrease of 25%.
The average sales price remained relatively stable at $3,376,609, compared with $3,394,540 in 2025. Average price per square foot declined from $922 to $820, while average days on market increased from 90 to 120. The average sale-to-list-price ratio moved from 95% to 93%.
In this segment, averages can be especially sensitive to the particular residences that sell during a given period. A change in the mix of floor plans, views, sizes, or buildings can affect the overall numbers. Buyers and sellers should therefore examine comparable sales for the specific property rather than rely on the segment average alone.
What Current Inventory Tells Us
The current inventory snapshot for the 20 buildings includes 78 active listings, three properties active with an option, and four pending sales.
Active listings have an average asking price of approximately $2.36 million, an average asking price of $774 per square foot, and an average of 106 days on market.
These figures provide a useful view of the choices currently available, but asking prices are not the same as achieved sales prices. Buyers should compare available residences with recent closed sales, while sellers should understand how their property competes with other active listings.
For condominium buyers, I also recommend looking beyond the purchase price. Monthly HOA dues, included utilities and services, insurance, reserves, planned capital projects, special assessments, and building maintenance can all influence the overall cost and long-term appeal of ownership.
What This Means for Buyers
A more measured market can give buyers additional time to evaluate their options. Depending on the property, there may be room to discuss price, repairs, closing terms, or other aspects of a transaction.
The most useful strategy is to identify the right building and residence first, then evaluate its price against meaningful comparable sales and the full cost of ownership.
For buyers considering a transition from a larger home to a luxury condominium, this is also an opportunity to weigh the lifestyle benefits: less exterior maintenance, convenient access to Dallas destinations, building amenities, and the ease of a lock-and-leave residence.
What This Means for Sellers
Today’s buyers have choices, so sellers benefit from a clear and realistic strategy from the beginning.
That means understanding recent sales in the same building, assessing competing listings, presenting the residence at its best, and pricing according to current market conditions—not simply what another property is asking or what the seller hopes to achieve.
A residence with desirable views, a compelling floor plan, thoughtful updates, and a well-maintained building may stand out. But even an exceptional property needs a marketing plan that reflects the buyers who are actively shopping in its price range.
The Bottom Line: Local Knowledge Matters
The third-quarter 2026 figures show a Dallas luxury high-rise market with fewer overall transactions, softer average pricing, and longer selling times. Yet the increase in sales in the $1 million to $1.99 million segment demonstrates why it is important to look beyond the headline numbers.
There is no single strategy that fits every buyer or seller. The right decision depends on the property, the building, the financial considerations, and each client’s goals.
With more than 25 years of experience in Dallas real estate, I believe the best decisions begin with reliable information, a careful look at the comparable sales, and an honest discussion of what the market means for your individual situation.
If you are considering buying or selling a luxury high-rise residence in Dallas, I welcome the opportunity to discuss your goals and help you evaluate your options.
Market data compares January 1–September 30, 2025, with January 1–September 30, 2026, for sales of $500,000 and above across 20 Dallas luxury condominium buildings. Inventory reflects the current snapshot supplied for the third-quarter report. Individual properties and buildings may perform differently.