Prices are still rising, but at a slower pace, ultraluxury transactions remain robust, and buyer demand has become more selective. Increasingly, affluent purchasers are motivated less by speculative investment and more by lifestyle priorities, long-term security, and the enduring value of owning exceptional property.
Luxury single-family home prices increased approximately 1.1% year over year, while the attached luxury segment, including high-end condominiums, experienced a slight decline of 2.8%. However, over a two-year period luxury single-family prices have risen by roughly 3% and attached properties by 4.5%, highlighting the underlying stability, even as broader housing markets continue to adjust.
North America remains one of the world’s most significant luxury residential markets. According to Modor Intelligence1 “the North America Luxury Residential Real Estate Market size was valued at USD 583.94 billion in 2025 and estimated to grow from USD 606.84 billion in 2026 to reach USD 735.48 billion by 2031, at a CAGR of 3.92% during the forecast period (2026-2031). Growing millionaire migration, tokenized ownership pilots, and a reallocation of institutional capital from offices to high-end housing are reshaping competitive dynamics.” Several structural forces continue to support demand at the high end of the market. Wealth creation among high-net-worth individuals remains strong, family wealth transfers are accelerating, and many affluent households continue to seek real estate as a stable store of value within diversified portfolios. Unlike the broader housing market, luxury buyers are also far less sensitive to mortgage rate changes. A large share of luxury transactions is completed with cash, insulating the sector from interest-rate volatility.
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