{"id":82420,"date":"2025-09-30T17:00:39","date_gmt":"2025-10-01T00:00:39","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=82420"},"modified":"2025-09-30T13:42:30","modified_gmt":"2025-09-30T20:42:30","slug":"luxury-homes-market-august-2025","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/luxury-homes-market-august-2025\/","title":{"rendered":"Typical U.S. Luxury Home Price Rises 4% to $1.25M as Sales Fall to Lowest August Level in Over a Decade"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">The typical U.S. luxury home sold for $1,250,000 in August, up 3.9% from a year earlier.<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Luxury home sales fell 0.7% to the lowest August level in Redfin\u2019s records, which go back to 2013. Non-luxury home sales also fell (-0.6%) to the lowest August level on record.<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">The typical luxury home sold in 46 days in August, three days slower than a year ago. In comparison, non-luxury home sales typically took 40 days to go under contract, up from 33 days last year.<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Luxury home prices grew the most in West Palm Beach, FL (+15%), and fell the most in Tampa, FL (-5.5%).<\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Luxury home sale prices rose 3.9% year over year to a median $1.25 million, a record high for the month of August, but down from the all-time high of $1.35 million in March, a month when prices are typically higher.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Luxury home prices grew nearly three times faster than non-luxury home prices, which increased 1.4% to a median $370,000.<\/span><\/p>\n<p><iframe id=\"datawrapper-chart-y2z25\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Luxury Home Prices Rise Nearly Three Times Faster Than Non-Luxury\" src=\"https:\/\/datawrapper.dwcdn.net\/y2z25\/1\/\" height=\"423\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();\n<\/script><\/p>\n<p><span style=\"font-weight: 400;\">Redfin&#8217;s price-tier data is calculated in rolling three-month periods. The three-month period in this report covers June-August. Luxury homes are defined as those estimated to be in the top 5% of their respective metro area based on prices of homes sold over a rolling 12-month period, and non-luxury homes as those estimated to be in the 35th-65th percentile. Data is subject to revision.<\/span><\/p>\n<h3><b>Luxury home sales fall to lowest August level in more than a decade<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Luxury home sales fell 0.7% year over year to the lowest August level since at least 2013 (as far back as Redfin\u2019s data goes). It was a virtually identical story for sales of non-luxury homes, which dropped 0.6%\u2014also to the lowest August level on record.<\/span><\/p>\n<p><iframe id=\"datawrapper-chart-fEy5b\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Luxury and Non-Luxury Home Sales Fall to Lowest August Levels in 10+ Years\" src=\"https:\/\/datawrapper.dwcdn.net\/fEy5b\/3\/\" height=\"287\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Small multiple line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();\n<\/script><\/p>\n<p><span style=\"font-weight: 400;\">Pending sales of luxury homes (+0.1% year over year) and non-luxury homes (-0.1%) were virtually flat in August from a year earlier.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cSales have slowed across all price tiers, and luxury homes are no exception,\u201d said Redfin Senior Economist <\/span><a href=\"https:\/\/www.redfin.com\/news\/author\/sheharyarbokhari\/\"><span style=\"font-weight: 400;\">Sheharyar Bokhari<\/span><\/a><span style=\"font-weight: 400;\">. \u201cLast year was super slow in the luxury market and this year is even slower. High-end buyers often keep the market moving because they\u2019re less tied to mortgage rates, often buy in cash, and can prioritize lifestyle over affordability. But right now many of those buyers are waiting on the sidelines, holding out for more certainty around the economy and the housing market.\u201d\u00a0<\/span><\/p>\n<h3><b>Luxury home inventory climbs to highest August level since 2020<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Sales were stagnant even as the number of luxury homes on the market grew 9.5% last month to the highest level for August since 2020.\u00a0<\/span><\/p>\n<p><iframe id=\"datawrapper-chart-WbWua\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Luxury Home Inventory Grew 9.5% to Highest August Figure Since 2020\" src=\"https:\/\/datawrapper.dwcdn.net\/WbWua\/1\/\" height=\"528\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}})}();\n<\/script><\/p>\n<p><span style=\"font-weight: 400;\">The number of non-luxury homes for sale grew faster (13.4%) to reach the highest August level since 2019.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">New listings of luxury homes were basically flat (0.2%), while new non-luxury home listings <\/span><i><span style=\"font-weight: 400;\">fell <\/span><\/i><span style=\"font-weight: 400;\">0.8%\u2014 highlighting that sellers are <\/span><a href=\"https:\/\/www.redfin.com\/news\/buyers-vs-sellers-august-2025\/\"><span style=\"font-weight: 400;\">joining buyers<\/span><\/a><span style=\"font-weight: 400;\"> in pulling back from the market.<\/span><\/p>\n<h3><b>Luxury homes are selling at a similar speed to a year ago<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The typical luxury home sold in 46 days in August, three days slower than a year ago.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Only 28.3% of luxury homes went under contract within two weeks in August, down 1.9 ppts from a year ago. That was the lowest share for August since 2020.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cLuxury buyers are moving like molasses,\u201d said <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/meme-loggins\"><span style=\"font-weight: 400;\">Meme Loggins<\/span><\/a><span style=\"font-weight: 400;\">, a Redfin Premier real estate agent in Portland, OR. \u201cThey wait for $100,000 price drops and then negotiate over tiny issues, like a leaking sink. The slow market is wearing sellers down too. I had a seller with a gorgeous million-dollar home in a highly desirable area of Portland pull the listing from the market recently because she was exhausted from trying to keep it ready for showings for so long.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Non-luxury home sales also took considerably longer than a year ago, with the median days on market increasing to 40 from 33. The share that went under contract within two weeks fell 4.2 ppts to 34.4%.<\/span><\/p>\n<h3><b>Metro-Level Luxury Highlights: August 2025<\/b><\/h3>\n<p><i><span style=\"font-weight: 400;\">Redfin\u2019s metro-level luxury data includes the 50 most populous U.S. metros. Some metros are removed from time to time, to ensure data accuracy. All changes noted below are year-over-year changes.\u00a0<\/span><\/i><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Prices: <\/b><span style=\"font-weight: 400;\">The median sale price of luxury homes rose most in West Palm Beach, FL (15% increase to $4,004,687), New York (12.3% increase to $4,138,603) and Newark, NJ\u00a0 (11.7% increase to $2,056,664). It fell in just one metro, Tampa, FL (-5.5% to $1,442,783).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Sales: <\/b><span style=\"font-weight: 400;\">Luxury home sales increased most in Indianapolis (19.1%), Fort Worth, TX (14%) and San Francisco (13.9%). They decreased most in West Palm Beach (-27.8%), San Jose, CA (-24.4%) and Miami (-19.4%).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Active listings:<\/b><span style=\"font-weight: 400;\"> The total number of luxury homes for sale increased most in Fort Worth, TX (25.7%), Tampa, FL (25.4%) and San Antonio, TX (20.5%). Total inventory fell the most in San Jose (-24.3%), Philadelphia (-22.5%) and Chicago (-18%).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>New listings: <\/b><span style=\"font-weight: 400;\">New listings of luxury homes increased most in Indianapolis (18.6%), Cleveland (16.7%) and St. Louis (14.9%). New listings fell most in San Jose (-27.6%), Anaheim, CA (-19.4%) and Jacksonville, FL (-16.2%).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Speed of sales: <\/b><span style=\"font-weight: 400;\">Luxury homes sold fastest in St. Louis with a median of 13 days, ahead of Detroit (14 days) and San Jose, CA (14 days). They sold slowest in Miami (140 days), West Palm Beach (124 days) and Fort Lauderdale, FL (113 days).<\/span><\/li>\n<\/ul>\n<h4><b>Luxury Housing-Market by Metro Area: August 2025<\/b><\/h4>\n<p><b><i>50 most populous U.S. metros<\/i><\/b><\/p>\n<p><i><span style=\"font-weight: 400;\">Luxury homes are defined as those estimated to be in the top 5% of their respective metro area based on prices of homes sold over a rolling 12-month period<\/span><\/i><\/p>\n\n<table id=\"tablepress-488\" class=\"tablepress tablepress-id-488\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\"><strong>Region Name<\/strong><\/th><th class=\"column-2\"><strong>Median Sale Price<\/strong><\/th><th class=\"column-3\"><strong>Median Sale Price YoY<\/strong><\/th><th class=\"column-4\"><strong>Homes Sold YoY<\/strong><\/th><th class=\"column-5\"><strong>Pending Sales YoY<\/strong><\/th><th class=\"column-6\"><strong>Active Listings YoY<\/strong><\/th><th class=\"column-7\"><strong>Median Days On Market<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Anaheim, CA<\/td><td class=\"column-2\">$5,137,336<\/td><td class=\"column-3\">11.40%<\/td><td class=\"column-4\">8.20%<\/td><td class=\"column-5\">-7.60%<\/td><td class=\"column-6\">7.70%<\/td><td class=\"column-7\">75<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Atlanta, GA<\/td><td class=\"column-2\">$1,368,295<\/td><td class=\"column-3\">5.90%<\/td><td class=\"column-4\">-7.60%<\/td><td class=\"column-5\">-9.00%<\/td><td class=\"column-6\">2.20%<\/td><td class=\"column-7\">44<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Austin, TX<\/td><td class=\"column-2\">$1,730,940<\/td><td class=\"column-3\">6.50%<\/td><td class=\"column-4\">-0.40%<\/td><td class=\"column-5\">-1.90%<\/td><td class=\"column-6\">0.00%<\/td><td class=\"column-7\">80<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Baltimore, MD<\/td><td class=\"column-2\">$1,240,578<\/td><td class=\"column-3\">7.40%<\/td><td class=\"column-4\">2.40%<\/td><td class=\"column-5\">-5.60%<\/td><td class=\"column-6\">19.20%<\/td><td class=\"column-7\">33<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Boston, MA<\/td><td class=\"column-2\">$2,670,697<\/td><td class=\"column-3\">4.00%<\/td><td class=\"column-4\">5.90%<\/td><td class=\"column-5\">9.40%<\/td><td class=\"column-6\">12.10%<\/td><td class=\"column-7\">28<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Charlotte, NC<\/td><td class=\"column-2\">$1,603,149<\/td><td class=\"column-3\">9.90%<\/td><td class=\"column-4\">-2.70%<\/td><td class=\"column-5\">-6.50%<\/td><td class=\"column-6\">3.30%<\/td><td class=\"column-7\">51<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Chicago, IL<\/td><td class=\"column-2\">$1,484,838<\/td><td class=\"column-3\">7.10%<\/td><td class=\"column-4\">-7.50%<\/td><td class=\"column-5\">-15.00%<\/td><td class=\"column-6\">-18.00%<\/td><td class=\"column-7\">54<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Cincinnati, OH<\/td><td class=\"column-2\">$935,284<\/td><td class=\"column-3\">6.70%<\/td><td class=\"column-4\">-2.00%<\/td><td class=\"column-5\">-4.00%<\/td><td class=\"column-6\">0.30%<\/td><td class=\"column-7\">47<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Cleveland, OH<\/td><td class=\"column-2\">$795,725<\/td><td class=\"column-3\">5.70%<\/td><td class=\"column-4\">8.40%<\/td><td class=\"column-5\">13.00%<\/td><td class=\"column-6\">15.00%<\/td><td class=\"column-7\">26<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">Columbus, OH<\/td><td class=\"column-2\">$952,981<\/td><td class=\"column-3\">4.30%<\/td><td class=\"column-4\">7.70%<\/td><td class=\"column-5\">2.80%<\/td><td class=\"column-6\">16.80%<\/td><td class=\"column-7\">43<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">Dallas, TX<\/td><td class=\"column-2\">$1,596,170<\/td><td class=\"column-3\">8.80%<\/td><td class=\"column-4\">1.30%<\/td><td class=\"column-5\">-3.60%<\/td><td class=\"column-6\">16.30%<\/td><td class=\"column-7\">52<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Denver, CO<\/td><td class=\"column-2\">$1,878,822<\/td><td class=\"column-3\">4.30%<\/td><td class=\"column-4\">6.10%<\/td><td class=\"column-5\">-0.30%<\/td><td class=\"column-6\">11.90%<\/td><td class=\"column-7\">33<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Detroit, MI<\/td><td class=\"column-2\">$728,154<\/td><td class=\"column-3\">2.50%<\/td><td class=\"column-4\">-11.50%<\/td><td class=\"column-5\">-18.60%<\/td><td class=\"column-6\">-3.80%<\/td><td class=\"column-7\">14<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">Fort Lauderdale, FL<\/td><td class=\"column-2\">$2,120,714<\/td><td class=\"column-3\">10.50%<\/td><td class=\"column-4\">-17.00%<\/td><td class=\"column-5\">-11.90%<\/td><td class=\"column-6\">2.30%<\/td><td class=\"column-7\">113<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">Fort Worth, TX<\/td><td class=\"column-2\">$1,185,281<\/td><td class=\"column-3\">0.20%<\/td><td class=\"column-4\">14.00%<\/td><td class=\"column-5\">15.00%<\/td><td class=\"column-6\">25.70%<\/td><td class=\"column-7\">47<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">Houston, TX<\/td><td class=\"column-2\">$1,282,553<\/td><td class=\"column-3\">5.00%<\/td><td class=\"column-4\">3.00%<\/td><td class=\"column-5\">-0.70%<\/td><td class=\"column-6\">9.90%<\/td><td class=\"column-7\">32<\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\">Indianapolis, IN<\/td><td class=\"column-2\">$933,311<\/td><td class=\"column-3\">0.00%<\/td><td class=\"column-4\">19.10%<\/td><td class=\"column-5\">5.90%<\/td><td class=\"column-6\">16.10%<\/td><td class=\"column-7\">16<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\">Jacksonville, FL<\/td><td class=\"column-2\">$1,423,399<\/td><td class=\"column-3\">0.20%<\/td><td class=\"column-4\">-12.70%<\/td><td class=\"column-5\">10.40%<\/td><td class=\"column-6\">3.80%<\/td><td class=\"column-7\">75<\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\">Kansas City, MO<\/td><td class=\"column-2\">$1,030,552<\/td><td class=\"column-3\">6.70%<\/td><td class=\"column-4\">9.10%<\/td><td class=\"column-5\">3.20%<\/td><td class=\"column-6\">-3.40%<\/td><td class=\"column-7\">24<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\">Las Vegas, NV<\/td><td class=\"column-2\">$1,548,148<\/td><td class=\"column-3\">6.50%<\/td><td class=\"column-4\">-9.40%<\/td><td class=\"column-5\">-8.20%<\/td><td class=\"column-6\">19.40%<\/td><td class=\"column-7\">68<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\">Los Angeles, CA<\/td><td class=\"column-2\">$4,458,149<\/td><td class=\"column-3\">10.00%<\/td><td class=\"column-4\">5.20%<\/td><td class=\"column-5\">15.00%<\/td><td class=\"column-6\">11.40%<\/td><td class=\"column-7\">65<\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\">Miami, FL<\/td><td class=\"column-2\">$4,165,418<\/td><td class=\"column-3\">9.80%<\/td><td class=\"column-4\">-19.40%<\/td><td class=\"column-5\">-10.00%<\/td><td class=\"column-6\">-2.60%<\/td><td class=\"column-7\">140<\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\">Milwaukee, WI<\/td><td class=\"column-2\">$1,093,934<\/td><td class=\"column-3\">7.40%<\/td><td class=\"column-4\">4.80%<\/td><td class=\"column-5\">14.50%<\/td><td class=\"column-6\">3.60%<\/td><td class=\"column-7\">52<\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\">Minneapolis, MN<\/td><td class=\"column-2\">$1,198,726<\/td><td class=\"column-3\">3.00%<\/td><td class=\"column-4\">-2.90%<\/td><td class=\"column-5\">-3.70%<\/td><td class=\"column-6\">0.80%<\/td><td class=\"column-7\">27<\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\">Montgomery County, PA<\/td><td class=\"column-2\">$1,494,147<\/td><td class=\"column-3\">7.00%<\/td><td class=\"column-4\">4.60%<\/td><td class=\"column-5\">-7.80%<\/td><td class=\"column-6\">1.10%<\/td><td class=\"column-7\">27<\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\">Nashville, TN<\/td><td class=\"column-2\">$2,144,383<\/td><td class=\"column-3\">7.60%<\/td><td class=\"column-4\">3.30%<\/td><td class=\"column-5\">11.40%<\/td><td class=\"column-6\">20.10%<\/td><td class=\"column-7\">78<\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\">Nassau County, NY<\/td><td class=\"column-2\">$2,524,165<\/td><td class=\"column-3\">7.50%<\/td><td class=\"column-4\">-8.70%<\/td><td class=\"column-5\">-9.00%<\/td><td class=\"column-6\">-1.30%<\/td><td class=\"column-7\">42<\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\">New Brunswick, NJ<\/td><td class=\"column-2\">$1,931,860<\/td><td class=\"column-3\">10.50%<\/td><td class=\"column-4\">-11.40%<\/td><td class=\"column-5\">-2.80%<\/td><td class=\"column-6\">-7.40%<\/td><td class=\"column-7\">26<\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\">New York, NY<\/td><td class=\"column-2\">$4,138,603<\/td><td class=\"column-3\">12.30%<\/td><td class=\"column-4\">0.70%<\/td><td class=\"column-5\">-15.10%<\/td><td class=\"column-6\">10.20%<\/td><td class=\"column-7\">54<\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\">Newark, NJ<\/td><td class=\"column-2\">$2,056,664<\/td><td class=\"column-3\">11.70%<\/td><td class=\"column-4\">-2.90%<\/td><td class=\"column-5\">9.50%<\/td><td class=\"column-6\">0.10%<\/td><td class=\"column-7\">28<\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\">Oakland, CA<\/td><td class=\"column-2\">$2,911,281<\/td><td class=\"column-3\">1.70%<\/td><td class=\"column-4\">-14.70%<\/td><td class=\"column-5\">-4.10%<\/td><td class=\"column-6\">14.70%<\/td><td class=\"column-7\">19<\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\">Orlando, FL<\/td><td class=\"column-2\">$1,423,398<\/td><td class=\"column-3\">7.00%<\/td><td class=\"column-4\">-2.70%<\/td><td class=\"column-5\">-8.90%<\/td><td class=\"column-6\">-1.20%<\/td><td class=\"column-7\">49<\/td>\n<\/tr>\n<tr class=\"row-34\">\n\t<td class=\"column-1\">Philadelphia, PA<\/td><td class=\"column-2\">$1,263,548<\/td><td class=\"column-3\">8.80%<\/td><td class=\"column-4\">-6.40%<\/td><td class=\"column-5\">-22.10%<\/td><td class=\"column-6\">-22.50%<\/td><td class=\"column-7\">28<\/td>\n<\/tr>\n<tr class=\"row-35\">\n\t<td class=\"column-1\">Phoenix, AZ<\/td><td class=\"column-2\">$1,971,743<\/td><td class=\"column-3\">4.20%<\/td><td class=\"column-4\">-5.00%<\/td><td class=\"column-5\">0.10%<\/td><td class=\"column-6\">8.80%<\/td><td class=\"column-7\">87<\/td>\n<\/tr>\n<tr class=\"row-36\">\n\t<td class=\"column-1\">Pittsburgh, PA<\/td><td class=\"column-2\">$877,010<\/td><td class=\"column-3\">3.20%<\/td><td class=\"column-4\">-2.00%<\/td><td class=\"column-5\">0.00%<\/td><td class=\"column-6\">1.30%<\/td><td class=\"column-7\">55<\/td>\n<\/tr>\n<tr class=\"row-37\">\n\t<td class=\"column-1\">Portland, OR<\/td><td class=\"column-2\">$1,433,841<\/td><td class=\"column-3\">2.00%<\/td><td class=\"column-4\">-8.40%<\/td><td class=\"column-5\">-1.40%<\/td><td class=\"column-6\">9.00%<\/td><td class=\"column-7\">35<\/td>\n<\/tr>\n<tr class=\"row-38\">\n\t<td class=\"column-1\">Providence, RI<\/td><td class=\"column-2\">$1,549,012<\/td><td class=\"column-3\">7.20%<\/td><td class=\"column-4\">-3.00%<\/td><td class=\"column-5\">-5.40%<\/td><td class=\"column-6\">4.80%<\/td><td class=\"column-7\">32<\/td>\n<\/tr>\n<tr class=\"row-39\">\n\t<td class=\"column-1\">Riverside, CA<\/td><td class=\"column-2\">$1,609,869<\/td><td class=\"column-3\">2.80%<\/td><td class=\"column-4\">7.10%<\/td><td class=\"column-5\">6.10%<\/td><td class=\"column-6\">12.50%<\/td><td class=\"column-7\">66<\/td>\n<\/tr>\n<tr class=\"row-40\">\n\t<td class=\"column-1\">Sacramento, CA<\/td><td class=\"column-2\">$1,708,752<\/td><td class=\"column-3\">3.40%<\/td><td class=\"column-4\">2.20%<\/td><td class=\"column-5\">10.90%<\/td><td class=\"column-6\">9.90%<\/td><td class=\"column-7\">42<\/td>\n<\/tr>\n<tr class=\"row-41\">\n\t<td class=\"column-1\">San Antonio, TX<\/td><td class=\"column-2\">$949,408<\/td><td class=\"column-3\">0.30%<\/td><td class=\"column-4\">7.50%<\/td><td class=\"column-5\">8.10%<\/td><td class=\"column-6\">20.50%<\/td><td class=\"column-7\">68<\/td>\n<\/tr>\n<tr class=\"row-42\">\n\t<td class=\"column-1\">San Diego, CA<\/td><td class=\"column-2\">$3,700,550<\/td><td class=\"column-3\">7.10%<\/td><td class=\"column-4\">-15.80%<\/td><td class=\"column-5\">-1.70%<\/td><td class=\"column-6\">8.30%<\/td><td class=\"column-7\">52<\/td>\n<\/tr>\n<tr class=\"row-43\">\n\t<td class=\"column-1\">San Francisco, CA<\/td><td class=\"column-2\">$6,328,702<\/td><td class=\"column-3\">2.00%<\/td><td class=\"column-4\">13.90%<\/td><td class=\"column-5\">21.30%<\/td><td class=\"column-6\">-4.50%<\/td><td class=\"column-7\">22<\/td>\n<\/tr>\n<tr class=\"row-44\">\n\t<td class=\"column-1\">San Jose, CA<\/td><td class=\"column-2\">$5,435,611<\/td><td class=\"column-3\">9.90%<\/td><td class=\"column-4\">-24.40%<\/td><td class=\"column-5\">-28.90%<\/td><td class=\"column-6\">-24.30%<\/td><td class=\"column-7\">14<\/td>\n<\/tr>\n<tr class=\"row-45\">\n\t<td class=\"column-1\">Seattle, WA<\/td><td class=\"column-2\">$3,037,116<\/td><td class=\"column-3\">6.00%<\/td><td class=\"column-4\">-15.60%<\/td><td class=\"column-5\">-12.20%<\/td><td class=\"column-6\">14.10%<\/td><td class=\"column-7\">15<\/td>\n<\/tr>\n<tr class=\"row-46\">\n\t<td class=\"column-1\">St. Louis, MO<\/td><td class=\"column-2\">$955,635<\/td><td class=\"column-3\">4.70%<\/td><td class=\"column-4\">-0.50%<\/td><td class=\"column-5\">13.00%<\/td><td class=\"column-6\">11.70%<\/td><td class=\"column-7\">13<\/td>\n<\/tr>\n<tr class=\"row-47\">\n\t<td class=\"column-1\">Tampa, FL<\/td><td class=\"column-2\">$1,442,783<\/td><td class=\"column-3\">-5.50%<\/td><td class=\"column-4\">-9.40%<\/td><td class=\"column-5\">-9.90%<\/td><td class=\"column-6\">25.40%<\/td><td class=\"column-7\">51<\/td>\n<\/tr>\n<tr class=\"row-48\">\n\t<td class=\"column-1\">Virginia Beach, VA<\/td><td class=\"column-2\">$1,048,442<\/td><td class=\"column-3\">10.70%<\/td><td class=\"column-4\">7.50%<\/td><td class=\"column-5\">2.30%<\/td><td class=\"column-6\">17.00%<\/td><td class=\"column-7\">35<\/td>\n<\/tr>\n<tr class=\"row-49\">\n\t<td class=\"column-1\">Warren, MI<\/td><td class=\"column-2\">$1,017,974<\/td><td class=\"column-3\">7.10%<\/td><td class=\"column-4\">-6.40%<\/td><td class=\"column-5\">-14.40%<\/td><td class=\"column-6\">-6.00%<\/td><td class=\"column-7\">22<\/td>\n<\/tr>\n<tr class=\"row-50\">\n\t<td class=\"column-1\">Washington, DC<\/td><td class=\"column-2\">$2,021,288<\/td><td class=\"column-3\">5.80%<\/td><td class=\"column-4\">-6.60%<\/td><td class=\"column-5\">22.20%<\/td><td class=\"column-6\">1.10%<\/td><td class=\"column-7\">62<\/td>\n<\/tr>\n<tr class=\"row-51\">\n\t<td class=\"column-1\">West Palm Beach, FL<\/td><td class=\"column-2\">$4,004,687<\/td><td class=\"column-3\">15.00%<\/td><td class=\"column-4\">-27.80%<\/td><td class=\"column-5\">8.70%<\/td><td class=\"column-6\">2.30%<\/td><td class=\"column-7\">124<\/td>\n<\/tr>\n<tr class=\"row-52\">\n\t<td class=\"column-1\"><strong>United States of America<\/strong><\/td><td class=\"column-2\"><strong>$1,250,000<\/strong><\/td><td class=\"column-3\"><strong>3.90%<\/strong><\/td><td class=\"column-4\"><strong>-0.70%<\/strong><\/td><td class=\"column-5\"><strong>0.10%<\/strong><\/td><td class=\"column-6\"><strong>9.50%<\/strong><\/td><td class=\"column-7\"><strong>46<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-488 from cache -->\n","protected":false},"excerpt":{"rendered":"<p>The typical U.S. luxury home sold for $1,250,000 in August, up 3.9% from a year earlier. Luxury home sales fell 0.7% to the lowest August level in Redfin\u2019s records, which go back to 2013. Non-luxury home sales also fell (-0.6%) to the lowest August level on record. The typical luxury home sold in 46 days [&hellip;]<\/p>\n","protected":false},"author":13568,"featured_media":82426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8,24],"tags":[20,18,623],"dashboard":[],"coauthors":[682],"class_list":["post-82420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","category-luxury-market","tag-housing-affordability","tag-luxury-report","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Typical U.S. Luxury Home Price Rises 4% to $1.25M as Sales Fall to Lowest August Level in Over a Decade<\/title>\n<meta name=\"description\" content=\"Luxury home sale prices rose 3.9% year over year to a median $1.25 million, a record high for the month of August, but down from the all-time high of $1.35 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