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. However, price per square foot rose nearly 4% month-over-month. There was no change in days on market; luxury homes have taken 7-8 weeks to sell during the past four months. A larger proportion of homes sold at or above asking price and homes received a higher proportion of their asking price in October than in September. READ MORE
