Housing Market News
Luxury Market
Second-Home Demand Rose 70% From Pre-Pandemic Levels in October
While demand for vacation homes has cooled slightly since the start of the year, it’s expected to remain above pre-pandemic levels as Americans take advantage
Supply of Affordable Homes Posts Record Gain as Mortgage Forbearance Ends
In the luxury market, demand remains strong but has cooled from its pandemic peak as a return to normalcy has affluent Americans spending their savings
Second-Home Demand Jumps in September, Bouncing Back After Summer Slowdown
Demand for second homes was up 60% from pre-pandemic levels in September, an uptick from July’s 40% increase but still below March’s record growth. In
Demand for Second Homes Fell 19% Year Over Year in August
Still, interest in vacation homes will likely remain above pre-pandemic levels for the foreseeable future due to the permanent shift to remote work for many
Prices of the Most and Least Expensive U.S. Homes Are Surging the Fastest
Luxury-home prices soared 26% year over year in the second quarter, while prices of the most affordable homes grew 19%. Both segments outpaced the rest
High-End Home Sales Surge Nearly Twice as Fast as Sales of Mid-Priced Homes
Purchases of high-end homes jumped 26% in the three months ending April 30, versus a 15% increase for mid-priced homes. High-end sales rose the most
West Palm Beach Tops 10-Year Luxury Home Price Growth as Traditional Giants Like New York Lag Behind
Luxury home sale prices in West Palm Beach, FL have jumped 187.3% to a median $4.04 million over the past decade—the fastest growth among major
U.S. Luxury Home Prices Jump 5.5% in October, Triple the Pace of Non-Luxury Homes
Luxury home sale prices rose 5.5% year over year to a median $1,278,950, a record high for October. Non-luxury home prices grew 1.8% to a
October’s Most Expensive Home Sales Include Adam Levine’s Former Montecito Compound
California and Florida dominated October’s ultra-luxury housing market, with oceanfront estates and celebrity homes going for more than $30 million. A brand-new oceanfront estate in
U.S. Luxury Home Prices Rose 5% in September, Twice the Pace of Non-Luxury Prices
The typical U.S. luxury home sold for $1,262,000 in September, up 4.8% from a year earlier to a record high for the month. Luxury home
September’s Most Expensive Home Sales Include Ellen DeGeneres’ Former Montecito Mansion
California compounds and Colorado ski houses made up the lion’s share of September’s most expensive home sales. The Green Gables estate in the Bay Area,
Typical U.S. Luxury Home Price Rises 4% to $1.25M as Sales Fall to Lowest August Level in Over a Decade
The typical U.S. luxury home sold for $1,250,000 in August, up 3.9% from a year earlier. Luxury home sales fell 0.7% to the lowest August
