While high rates are putting pressure on transaction volumes, a lack of sales inventory is supporting price growth. In prime markets, the big post-Covid repricing is ending, leaving New York looking good value.
Here are the main conclusions to date:
- -5.6% the saving for British buyers in prime New York compared to pricing in January 2023
- 8.6% growth in national new listing volumes over the past 12-months
- US housing inventory has fallen by 33% against the five-year average
- Luxury values in Palm Beach have risen 113.3% since January 2020
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