💨 Abstract
In the D.C. metro area, the luxury home market is defined by homes priced above $1.7 million. While luxury home sales have outperformed the overall market in recent years, the first quarter of 2025 saw a 10.8% annual decrease in pending luxury home sales, attributed to financial market volatility. Despite the slowdown, luxury properties sell quickly, often above the asking price, and are increasingly common in previously modest neighborhoods.
Courtesy: Jeff Clabaugh
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