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The bi-annual report reveals a resilient luxury real estate market in the first six months of 2024 that is slightly outpacing performance from the equivalent period in 2023. In a complementary survey of Coldwell Banker Global LuxuryProperty Specialists, nearly 70% of respondents expressed confidence in the health of the 2024 luxury market.
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“The days of ‘adequate’ photos are totally gone,” says Gretchen Koitz, principal of The Koitz Group , a firm that specializes in luxuryproperties in Maryland. “It It is imperative that agents turn to professionals so that properties are shown at their very best. That was a HUGE ISSUE at closing.”.
This report breaks down sales, average prices, the number of active listings, and how many listings went under contract for 2024 compared to 2023 and discusses what is predicted to unfold in 2024. Average prices for closed sales increased by 11% The number of homes listed increased by 12.5%
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