Luxury $10 million-plus home sales doubled in two years, but a repeat looks unlikely
- realestatetrendsin
- Sep 30, 2022
- 1 min read
Luxury home sales reached new heights during the boom in both price and number of sales, but such results are becoming rarer in the cooling market.
Luxury sales doubled over the past two financial years. More than 1000 homes nationally sold for more than $10 million over the past two financial years, new analysis shows, double the volume of the previous two years, and almost 2550 luxury apartments sold for more than $3 million.
While luxury homes are not exempt from the downturn, industry figures say there are few homes for sale, which could put a floor under prestige prices.
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