In the three months ending May 31, US luxury median sale prices ↑~5% to $1.4M, while non-luxury prices ↑~1% to ~$377K nationwide.
Sales ↑~2% in both segments. Luxury homes took 49 days to sell versus 44, while new and active listings changed only modestly.
Luxury demand trended upward, especially in desirable beachfront areas, as affluent buyers remained more insulated from elevated mortgage rates and broader economic uncertainty.
Luxury owners appeared somewhat more willing to list, as strong demand and high prices created a favorable window for sellers to cash out.
Still, many well-off homeowners had little reason to sell, with low locked-in mortgage rates, tax deterrents, and the option to keep former homes.
