The luxury real estate market is shifting focus from traditional price points to a broader understanding of luxury as a lifestyle and mindset. The Q1 2025 Luxury Market Report indicates a healthier market, with increases in both inventory and sales, despite economic uncertainties. Buyers are prioritizing long-term investments. Partnerships like that between Century 21 Real Estate and the Institute for Luxury Home Marketing aim to enhance agents' training and provide them with critical market data to better serve affluent clients.
"Luxury real estate is defined more by mindset and lifestyle than price, reflecting desires for upscale living amid economic shifts."
"Despite economic uncertainties, luxury home sales are growing, with significant increases in inventory and sales of single-family homes and condos."
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