The Ultra-Luxury Real Estate Market Remains Resilient
The ultra-luxury real estate market in the United States exhibited exceptional strength in the first half of 2024, with 838 homes sold publicly at $10 million-plus, totaling $14.66 billion in sales volume and surpassing H1 2023 figures. High-net-worth buyers continue to view real estate as a safe investment, frequently opting for all-cash transactions to avoid high mortgage rates. Key markets like Greater Los Angeles, Manhattan, Palm Beach County, and Miami-Dade led the way, while emerging markets such as Greater Nashville and Central New Jersey saw significant gains. The increased competition for prime properties underscores the importance of partnering with a trusted Compass agent, leveraging Compass Private Exclusives to discreetly gauge market interest and access exclusive listings. As Compass remains at the forefront of the industry, we invite you to explore our 2024 Mid-Year Ultra-Luxury Report for more insights into the trends driving the future of luxury real estate.
Max Armour quoted on page 43
Explore this data-driven publication featuring $10 million-plus mid-year sales data over the last four years to uncover how the ultra-luxury real estate market in the United States showcased remarkable strength in the first half of 2024.
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