In the US, luxury home sales have been down 51 percent since last year. According to the report published by Realtor com on Thursday; Prices of luxury real estate in America fell.
According to the reports released in February; In the survey conducted in 85 real estate markets in the country, there was an increase of 3.9 percent compared to the previous year. This increase represents a slowdown of 1.3 percent compared to February 2018.
According to the same period of the year; fell 5.1 percent. Compared to last year, the number of sold million dollar houses decreased by 4.2 percent. Some regions showed better performances. Growth in luxury real estate market in regions such as Florida, Colorado, Tennessee and Carolinas. Some secondary markets in Oregon, California and New Jersey are also growing.
Suffolk, the fastest growing market in Massachusetts, showed a 21 percent increase in prices compared to the previous year. San Mateo, California; Snohomish, Washington; Cape May, New Jersey; and the Colorado Summit recorded an increase of 14 percent in sales prices.
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