U.S. Luxury Home Market Shows Mixed Pricing and Divergent Selling Speeds
News News (US:NWS) Prnewswire·2025-12-22 11:00

Core Insights - National luxury home prices softened in November 2025, with the 90th-percentile threshold decreasing to $1.20 million, a decline of 2.3% year-over-year [1][3] - The luxury market is characterized by mixed trends, with some metropolitan areas experiencing rapid turnover while others face slower sales [3][7] National Overview - The luxury threshold at the 90th percentile is $1,199,977, down 2.0% month-over-month and 2.3% year-over-year - The high-end luxury threshold at the 95th percentile is $1,930,853, reflecting a monthly decrease of 1.2% and a yearly decline of 2.7% - The ultra-luxury threshold at the 99th percentile is $5,490,492, showing a slight monthly increase of 0.5% but a yearly decrease of 2.4% - The national median listing price stands at $415,000, down 2.2% month-over-month and 0.4% year-over-year - The share of million-dollar listings is 12.8%, a decrease of 0.4 percentage points month-over-month and unchanged year-over-year [3][4] Fastest and Slowest Luxury Markets - Luxury homes nationally spent a median of 78 days on the market in November, unchanged from the previous year - San Jose–Sunnyvale–Santa Clara, CA, had the fastest sales at a median of 56 days, while Bend, OR, recorded the slowest at 146 days [4][6] - Naples–Marco Island, FL, saw luxury homes selling 23.5% faster year-over-year, with a luxury threshold of $3.50 million [5] - Other fast-moving markets include Riverside–San Bernardino–Ontario, CA, and the Washington, D.C., area, with median selling times of 57 to 58 days [6] Luxury Pricing Trends - The luxury market is increasingly influenced by local factors rather than national trends, with some areas experiencing strong demand and quick sales while others struggle [3][7] - Markets with well-aligned pricing and demand are seeing rapid sales, while high-priced metros with specialized buyer pools are facing slower turnover [7]