Sotheby's International Realty continues to thrive, attributing its success to its agents' expertise during market changes. The brand's sales volume growth is exceptional, nearly doubling the industry average, affirming the effectiveness of its real estate professionals. In 2024, Sotheby's aggressively expanded globally with 37 new offices across 84 countries. Key markets in the U.S. also saw growth. Wealthy buyers are pivotal in this luxury market's expansion, seeking diverse property portfolios and global exposure, effectively driving demand further. The company released a positive 2025 Luxury Outlook amidst high mortgage rates and home prices, indicating a resilient market ahead.
Our reach and strategic expansion into key markets in the U.S. and internationally reflects how we continue to meet this demand and ensures our clients have access to properties and qualified buyers wherever they are in the world.
According to the report, global expansion was a staple of Sotheby's growth strategy in 2024, opening 37 new offices worldwide and increasing its presence to over 1,100 offices in 84 countries.
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