"The firm reports that although the West accounted for a third of luxury revenue last year, states across the Southeast including Florida, Georgia and the Carolinas are expected to post the fastest growth through 2030. The region's appeal includes low taxes, warm weather and access to high-end amenities. Realtor.com senior economist Anthony Smith said the forecast aligns with long-term trends. Following a surge in demand and pricing during the pandemic period,"
"the share of million-dollar-plus listings rose sharply beginning in 2020 and continued to climb into early 2022, he said. Since then, growth has moderated, suggesting the next five years will likely reflect a steadier, more sustainable expansion rather than the outsized gains seen earlier in the decade. Market swings in 2024 pushed many wealthy households to move money out of equities and into real estate,"
"Realtor.com data shows about one-third of U.S. home purchases in the first half of 2025 were all-cash. The share rises with price roughly half of sales between $2 million and $5 million and more than 65% between $5 million and $10 million involved cash. There is a huge divide in performance between the luxury market and the rest of the market, says Miami-based agent Ana"
Although the West generated about one-third of luxury revenue last year, Southeastern states including Florida, Georgia and the Carolinas are projected to post the fastest luxury-home growth through 2030. Low taxes, warm weather and high-end amenities contribute to the region's appeal. Million-dollar-plus listings surged beginning in 2020 and climbed into early 2022, then moderated toward steadier expansion. Market volatility in 2024 shifted wealthy household allocations from equities into real estate, boosting all-cash purchases—about one-third of U.S. home purchases in early 2025, rising to roughly half for $2–$5 million and over 65% for $5–$10 million sales. Limited high-end inventory and generational wealth transfers further tighten the luxury market.
Read at www.housingwire.com
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