According to the Global Luxury 2024 Mid-Year Report, Boston was in the top 25 of cities across the nation with the growth percentage in the top 10% of homes sold increasing by 44% from 2020 to 2024. Among the top 5% of homes, only Miami and Los Angeles had higher growth rates than Boston, which increased by 43.3% during that time.
There is a lot of consumer confidence and optimism among the top agents in the Northeast about the luxury market, particularly in the resilience of high net worth individuals to external economic pressures. As consumers have adjusted to the new landscape of higher rates and prices, the luxury market in Boston has continued to flourish.
