Luxury market

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Redfin: Luxury home prices experience the first annual decline in nearly three years

May 02, 2019By

In the first quarter of 2019, luxury home prices decreased 1.6% year over year, marking the first annual decline for the market in nearly three years, according to the latest data from Redfin. Redfin Chief Economist Daryl Fairweather said since homeowners can’t deduct as much mortgage interest as they used to be able to, the calculus has changed when it comes to buying a home, especially an expensive one.

3d rendering of a row of luxury townhouses along a street

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