Remove Housing Market Remove Inventory Remove Luxury Properties
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Luxury Market Heats Up as Affluent Buyers Seek ‘Forever Homes’

Appraisal Buzz

Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housing market, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory.

Buyers 417
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Luxury housing market inspires ‘total frenzy’ in vacation boom towns

Housing Wire

In the third quarter, luxury home sales jumped 41.5% , the biggest year-over-year shift since 2013, according to Redfin. And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housing markets are still crazy right now. 1, and runs through May 1. “We’ve

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Single-family rent growth in January puts ‘renewed pressure on renters’

Housing Wire

Another recent report by Coldwell Banker foretold a trend of luxury market growth this year, mainly driven by increased inventory. Growing home prices and rents for luxury properties could represent greater demand for high-end listings. market for rent-price growth in January.

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Agents in Illinois grapple with the state’s housing inventory shortage

Housing Wire

Despite the population decline, Illinois’ housing market remains relatively strong. The state has an Altos Research Market Action Index score of 44, which is above the national score of 39. Altos considers anything above 30 to be indicative of a seller’s market. It’s depressing,” Laricy said of the downtown market.

Inventory 468
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It’s all smiles for the 2025 luxury housing market

Housing Wire

housing market was relatively slow in 2024, experts say the luxury sector was an outlier and they are anticipating even stronger conditions in 2025. Overall, the agents surveyed have a positive outlook for the year, driven by renewed confidence in the market, a larger selection of desirable properties and more purchasing power.

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While the Austin housing market isn’t sizzling, agents say it is still warm

Housing Wire

It is nearly April, which means temperatures in the Austin metropolitan area are heating up — and so is the housing market. Additionally, Austin’s median list price has remained stable even as inventory has risen drastically from the troughs it reached in the spring months of 2021 and 2022.

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Sales of luxury homes skyrocket in first quarter

Housing Wire

When looking at the largest markets in the U.S., the biggest increase in luxury-home sales in the first quarter was Miami, with sales up 101.1% Lack of inventory , a national housing issue following the onset of the pandemic, isn’t an issue for luxury homes. from a year earlier.