The luxury housing market in Dallas is hotter than a pistol. According to the 2017 Texas Luxury Home Sales Report released by the Texas Association of Realtors, luxury home sales jumped almost 20 percent in 2017 with a total sales dollar volume of 7.5 billion.

From October 2016 to November 2017, Texas luxury home sales jumped to 4,622 sales, making luxury home sales the smallest but fastest-growing segment of the Texas housing market in 2017.

So, you should not be surprised that our Inwood Home of the Week, a gorgeous modern Italian Renaissance at 3428 Purdue Ave. in University Park, is already under an active option contract. Regardless, we had to show it to you, because it’s indicative of what is flying off the market and why.

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