Luxury Prices Climbing 3x Faster Than Typical Homes
Well-to-do buyers are avoiding high interest rates with cash purchases, pushing luxury home prices up even more than regular houses. The median luxury home price rose 9% YOY in Q3 2023 to $1.1 million, the highest third quarter on record, according to a new analysis from Redfin. It’s also three times faster than non-luxury prices,…