The luxury housing segment, defined as homes priced above $2 million, has outperformed the broader market with prices up 4.2% year-over-year despite higher rates and economic uncertainty.
Cash buyers account for over 40% of luxury transactions, insulating the segment from mortgage rate fluctuations. International buyers have also returned in markets like Miami and New York.
Luxury inventory remains historically tight in coastal metros but has built up in Sun Belt resort markets like Aspen, Park City, and Palm Beach, creating negotiating room.
