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News and Blog

Aug 06, 2017

  • Sale prices of luxury homes in the second quarter of this year were up 7.5 percent from a year ago, the first time luxury gains have outpaced the rest of the market since 2014.
  • The real reason for the luxury recovery may be a shift in the mind of sellers: They were asking too much, and now that they're asking less, there is more action in the market.
  • Luxury home sales have been rising steadily, causing the supply of those homes for sale to drop.