Luxury Housing Emerged From The Lockdowns Of Covid-19 With Unbelievable Strength And Has Reached Unprecedented Levels
A warning to luxury sellers: luxury may be hotter than ever before, but it still is not as hot as the lower price ranges.
It takes a little bit longer to sell homes priced above $2 million. It is not an “instant market” like everything priced below $2 million. There are not as many multiple offer situations, there are fewer showing, and fewer homes sell above their asking prices.