The 2025 Mid-Year Luxury OutlookSM delves into the pivotal, forward-looking issues shaping luxury residential property markets around the world.
Luxury real estate outperformed traditional real estate markets throughout 2024 and in the early months of 2025. The top half of the wealthiest households in the U.S. saw the greatest gains in real estate value, according to an April 2025 report from Realtor.com®. Upscale property transactions slowed slightly in response to global economic disruption in spring 2025. Still, there’s optimism that the luxury real estate market will withstand financial volatility as a perennial safe haven.
This report includes insights from Sotheby’s International Realty affiliated agents from around the globe, who specialize in transactions in the US$10 million and up price category, along with data and analysis from UBS, J.P. Morgan, Moody’s, McKinsey and Company, Bain and Company, Cotality (formerly CoreLogic), the National Association of REALTORS® and the National Association of Home Builders®.