Luxury housing market took its biggest dive in 10 years – Robert Khodadadian

This summer’s luxury market couldn’t resist the shifting tides swaying homebuyers across the board, which landed the category in its biggest drop in recent memory. From June to August, luxury home sales declined 28.1 percent year-over-year, the largest fall on record, according to a report from Redfin. The previous largest drop was nearly five percentage points fewer at the start of the pandemic; Redfin’s data stretches back to 2012. The housing market is tumbling in

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Residential Real Estate, Housing Market, Luxury Real Estate, redfin The Real Deal New York Read More

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