Luxury Real Estate Market Report

O’ahu luxury home sales started the year on a softer note with 28 sales, a marked dropped from the past several months. Last month’s sales volume is not necessarily predictive of the year.

Luxury real estate is increasingly defined by value and balance, and this quarter’s top 10 markets show where buyers are most active across the U.S. in Q1 2026.

Living large is back as more bedrooms, more square footage, and more flexibility are experiencing increasing demand by luxury home buyers. 

The luxury real estate sector is set to continue to outperform the general housing market, a trend sustained despite high interest rates and affordability issues that affect many buyers.

Demand for luxury real estate is predicted to continue throughout 2026 with the transfer of generational wealth being one of the leading drivers, according to the most recent Luxury Outlook from Sotheby’s International Realty.

After several years of strong price growth, Calgary’s real estate market entered a period of transition in 2025, driven by rising supply and easing demand pressures, according to a Calgary Real Estate Board report.

O’ahu luxury home sales remained strong in December, closing out the year with 41 sales, the same as in November.

Florida’s condo market is increasingly divided — and the ultra-luxury segment remains firmly in the lead.

In November, luxury home sales volume decreased by about 25% from October. While this sounds like a large drop, it’s important to note that October’s sales volume was the highest since May 2022.  

As we look ahead to 2026, the luxury housing markets across North America are shaping up for a year of stability, measured growth, and opportunity.

Minneapolis is quietly emerging as one of the nation’s most approachable luxury real estate markets.

Over the last 10 years, West Palm Beach has experienced the fastest increase in luxury home price growth across the United States’ top cities for luxury real estate, according to a Redfin analysis of luxury home sale prices from October 2015 through October 2025.

In October, luxury home sales soared to 51, the highest number of sales since May 2022. Median price decreased slightly, down 4.4% from last month, to $2,175,000, according to a report from Caron B Realty International.  

Luxury real estate continues to outperform the broader housing market, with high-end property prices rising at more than twice the pace of non-luxury homes across the United States.

The luxury home market in Greater Victoria (properties listed at $3 million and above) continues to demonstrate strength and sophistication.

Located just outside of New York City, the idyllic Connecticut suburb of Greenwich has been attracting wealthy home buyers resulting in a record pace of ultra-luxury home sales throughout 2025, as outlined in a recent Realtor.com report.

September marked a slight slowdown in the Oahu luxury real estate market, according to a report from Caron B Realty International.  

In addition to July 2025 experiencing the strongest year-over-year overall home sale increase in four years, home sales in the ultra-luxury category increased 200% in the first half of 2025.