Housing Market News
Luxury Market
Here Are the 10 Most Expensive Home Sales of March
Half of last month’s most expensive home sales were in beachfront Florida, but an Oahu compound took the number-one spot. Hawaii was home to the most expensive home sale of March, with a beachfront estate on Oahu going for $65.8 million. Next came two properties that sold for $60 million apiece: a Miami Beach mansion
Here Are the 10 Most Expensive Home Sales of February
Most of February’s most expensive home sales were in beachfront Florida, with properties in Southern California and Manhattan rounding out the list. Coastal Florida was home to seven of the 10 highest-priced U.S. home sales of February. Two estates in Southern California and one penthouse in New York City rounded out the list. All sold
Luxury Home Prices Spike 9% to All-Time High
Luxury home prices rose 8.8% year over year in the second quarter, more than twice as fast as non-luxury homes. Luxury home sales grew 0.2%, while sales of non-luxury homes fell 3.4% to the lowest level in a decade. Luxury homes sat on the market longer than a year ago, as inventory rose to the
The Typical U.S. Luxury Home Costs More Than Ever Before
Luxury home prices in the first quarter rose 9% year over year, twice as fast as non-luxury prices. Sales of luxury homes rose 2%, compared to a 4% decline in sales for non-luxury homes. Luxury sales are outperforming partly because elevated mortgage rates aren’t a deterrent for many luxury buyers, as a record 47% of
Luxury Home Prices Hit All-Time High As Record Share of High-End Buyers Pay Cash
Prices of luxury homes rose at twice the pace of non-luxury homes at the end of 2023, partly because elevated mortgage rates are irrelevant to many affluent buyers. Low inventory is another factor driving prices up: Even though luxury new listings rose, overall supply is still below pre-pandemic norms. The typical U.S. luxury home
Cash Is King: Luxury Home Prices Are Outperforming as Affluent Buyers Dodge High Mortgage Rates
Luxury home prices rose 9% to the highest third-quarter level on record, growing nearly three times faster than non luxury prices. Luxury sales and listings also held up relatively well—a reversal from last year—as a rising share of high-end buyers escaped the pain of high mortgage rates by paying in cash. The median sale price
Here Are the 10 Most Expensive Home Sales of March
Half of last month’s most expensive home sales were in beachfront Florida, but an Oahu compound took the number-one spot. Hawaii was home to the most expensive home sale of March, with a beachfront estate on Oahu going for $65.8 million. Next came two properties that sold for $60 million apiece: a Miami Beach mansion
Here Are the 10 Most Expensive Home Sales of February
Most of February’s most expensive home sales were in beachfront Florida, with properties in Southern California and Manhattan rounding out the list. Coastal Florida was home to seven of the 10 highest-priced U.S. home sales of February. Two estates in Southern California and one penthouse in New York City rounded out the list. All sold
Luxury Home Prices Spike 9% to All-Time High
Luxury home prices rose 8.8% year over year in the second quarter, more than twice as fast as non-luxury homes. Luxury home sales grew 0.2%, while sales of non-luxury homes fell 3.4% to the lowest level in a decade. Luxury homes sat on the market longer than a year ago, as inventory rose to the
The Typical U.S. Luxury Home Costs More Than Ever Before
Luxury home prices in the first quarter rose 9% year over year, twice as fast as non-luxury prices. Sales of luxury homes rose 2%, compared to a 4% decline in sales for non-luxury homes. Luxury sales are outperforming partly because elevated mortgage rates aren’t a deterrent for many luxury buyers, as a record 47% of
Luxury Home Prices Hit All-Time High As Record Share of High-End Buyers Pay Cash
Prices of luxury homes rose at twice the pace of non-luxury homes at the end of 2023, partly because elevated mortgage rates are irrelevant to many affluent buyers. Low inventory is another factor driving prices up: Even though luxury new listings rose, overall supply is still below pre-pandemic norms. The typical U.S. luxury home
Cash Is King: Luxury Home Prices Are Outperforming as Affluent Buyers Dodge High Mortgage Rates
Luxury home prices rose 9% to the highest third-quarter level on record, growing nearly three times faster than non luxury prices. Luxury sales and listings also held up relatively well—a reversal from last year—as a rising share of high-end buyers escaped the pain of high mortgage rates by paying in cash. The median sale price
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