The median U.S. luxury home sale price rose 4.7% year over year to $1.4 million, while non-luxury prices increased 1.5% to $377,477. Luxury homes, defined as the top 5% by price, saw a 2% increase in sales and a 1% rise in new listings. Luxury homeowners are more willing to list due to high prices and demand but often hold onto properties due to low mortgage rates and tax reasons.
Continue to full article
Discover more from Lisa Miller Pllc
Subscribe to get the latest posts sent to your email.