Luxury housing market slowed in April, Zillow reports
By: Jonathan Delozier | Published: 2025-06-05 21:47:00 | Source: www.housingwire.com
Despite a slowdown in market activity, prices have continued to rise, with luxury home values increasing 2.7% year over year — nearly double the 1.4% growth seen in the broader housing market.
“Despite a slower market, home prices have continued to climb — a promising sign for sellers considering listing their properties,” Orphe Divounguy, senior economist at Zillow, said in a statement.
“Luxury home values, in particular, have remained resilient, even as both buyers and sellers took a more cautious approach after the April stock market volatility.”
March momentum doesn’t last
The slowdown follows a brief uptick in March. Luxury homes going under contract rose more than 30% from February to March, but activity dipped sharply in April.
Contracts fell by…
