Spring is here and we can feel the buzz of excitement in the air. The first quarter of 2022 was strong for luxury sales. More homes came on the market this year than last year, but they are selling more quickly. The market is no doubt more competitive than ever as Northern Nevada continues to be the ultimate place to live on the west coast.
Read on for all of the latest details!
What's Ahead for Luxury Sales:
- First quarter luxury sales, homes sold for $1 million and above, were up 42.2% over the first quarter of 2021
- Listing in the spring months (March - May) is the best time for sellers in 30 of the 35 largest U.S. metro areas to get the highest price
- Work-from-home opportunities and low state taxes continue to prompt U.S.