The Luxury Home Market continues to soar HOT FROM PHOENIX Feb 2025
(Published on - 2/23/2025 2:12:36 PM)
The Luxury Home Market continues to soar independently of interest rates or any buyer hesitation. Based on the statistics in homes over $5,000,000, this segment remains very much a Seller's market.
According to Realtor.com February 22, 2025,
Ultraluxury Homes Are Selling Fast
The U.S. ultraluxury residential real estate market skyrocketed last year, racking up more than 1,700 sales worth a staggering combined total of $31.39 billion. More, click the link.
The luxury real estate market in 2024 was marked by a series of transformative trends, with key developments shaping the high-end housing sector throughout the year. After a challenging 2023 characterized by limited transactions and stagnation, the luxury market made a remarkable resurgence. The year saw a notable recovery, driven by factors such as economic stabilization, a rise in inventory levels, and the return of affluent buyers with renewed confidence.
For a sneak peak at the Luxury Home Marketing Institute's 2024 recap which will be available to the public March 1, click this link.
