Despite a slow housing market in 2024, luxury properties are thriving with 85.5% of agents expecting favorable buyer conditions and increased purchasing power in 2025.
The coldwell Banker Global Luxury report cites a significant 14.4% rise in inventory for luxury single-family homes, bolstering forecasts for renewed activity among luxury buyers.
Luxury home prices have surged, with a remarkable 7.6% growth in 2024, contrasting with a mere 3% increase in the broader market, indicating strong demand.
With a forecasted increase of 47.9% in first-time luxury buyers, particularly from Generation X, the market looks promising and diverse moving into 2025.
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