Perry Wisdom Barrett Narosov has taken the No. 1 luxury team ranking in Texas for the second consecutive year, closing $450 million in transaction volume through mid-2026 and widening the lead over the state's next three competitors. The foursome operates under Allie Beth Allman & Associates in Dallas, moving 78 properties in the twelve months ending May at an average price of $5.8 million. The repeat performance arrives as the Texas luxury segment absorbs inventory that sat through the 2024 rate shock and now trades at discounts the sellers did not plan for.
The RealTrends ranking measures closed volume, not listings taken, which means PWBN moved paper while others staged properties. Texas luxury inventory climbed 19 percent year-over-year in the $3 million-plus band, but days on market fell 11 percent as rate cuts and revised seller expectations cleared the backlog. PWBN's velocity suggests access to the thin layer of all-cash family offices and international buyers who never left the market. The team's average DOM is 43 days against a state luxury average of 87 days, indicating either superior pricing discipline or a buyer network that closes without drama.
The ranking matters because Texas luxury is no longer a secondary destination for coastal wealth migration. It is the primary theater. Dallas, Austin, and Houston absorbed $14.2 billion in luxury residential transactions in the trailing twelve months, up 22 percent from the prior period, while California luxury volume fell 8 percent and New York stayed flat. PWBN's repeat dominance in this environment signals not just closing skill but pipeline control: the team is seeing deals before they list, which means the seller relationships predate the transaction by years. That kind of access does not replicate quickly.
Allocators should note three follow-on signals in the next ninety days. First, whether PWBN expands headcount or spins off a second pod, which would indicate confidence in sustained deal flow rather than a temporary volume spike. Second, whether Allie Beth Allman's institutional brokerage competitors in Dallas begin recruiting aggressively in the $4 million-plus segment, which would confirm that market share is slipping from legacy independents to teams with deeper capital markets fluency. Third, whether Texas luxury inventory continues to clear at this pace, or whether the current velocity is merely a post-correction flush that stalls once the easy sellers exit.
The firm closed $87 million in May alone, the highest single-month total in its operating history. That number is not an opinion.