Ultra-prime residential property markets closed the year with a surge in blockbuster transactions, even as annual momentum cooled modestly from mid-year highs, underscoring a bifurcated global luxury housing landscape shaped by tax policy, cross-border capital flows and shifting investor sentiment.
The median sale price of a luxury home in the United States climbed 4.6% from a year earlier to $1.31 million in December, significantly outpacing gains in the broader housing market, where non-luxury prices rose just 1.4% to $375,000 -- the slowest rate of appreciation recorded since tracking began in 2013.
Homeowner equity across the United States softened modestly in the final months of 2025, signaling a housing market that is losing some of the rapid momentum built during the pandemic-era boom but still resting on a comparatively solid financial foundation.
Homebuyers in 2025 secured historically large discounts off asking prices, according to new data from Redfin, reflecting one of the strongest buyer's markets in recent memory.