I’m thrilled to share SIR’s comprehensive Mid-Year Luxury Outlook report with you, full of high-end residential market insights, helpful tips for buying and selling, and plenty of inspiration. The report reiterates the importance of property as an investment, of course, but also expands on the intersection of home and lifestyle, with factors like location, features, and details shaping your daily routine.  

Buyers, as you read this report and dive into the economic factors affecting our real estate market, also keep in mind that interest rates are lower than they have been in over a year. Meaning, if you’ve been hesitating to search for your dream property due to budget concerns, you may be able to reexamine your finances, considering the new lower rates.

Sellers, we’re seeing price growth, but maybe you’re waiting for even more price growth before you list your home. Just remember, the future is uncertain, but there are actions you can take today that will certainly influence what your home sells for, including savvy repairs, upgrades, and stylish staging. Holding onto your home may actually be costing you more than you think selling now would.

Snapshot of takeaways within the Mid-Year Luxury Outlook:

People Power

The report covers how elections, both in the United States and across the globe, can affect the real estate market. However, interest rates have an even bigger impact on markets than presidential elections may.

Economic Bellwether

Everyone—buyers, sellers, and market watchers—are interested in if, and when, interest rates will drop. Experts are predicting they will, so check out the report to see just how low they are projected to go.

Creative Cities

There is no denying that art and culture impact our lives, but how do they impact the market? The report explores how major cities’ markets are affected by the culture they cultivate.

Picture Perfect

One of the most desirable aspects of Sotheby’s legacy is the intersection of art and real estate. People continue to prioritize beauty in their homes and that extends to investing in quality artwork.

Click HERE to read the full report.

Let’s connect if you’d like to dive into the report insights or discuss your own real estate goals.