Luxury Market Report - January 2023

Luxury Market Report - January 2023

In this report, the luxury real estate market of 2022 is reviewed. Specifically looking at the predictions for 2022 against the reality of what actually happened in order to understand the specific impacts on the market throughout the year.

The report investigates why inventory levels played such a significant part in the buying narrative of 2022, why new inventory was so critical, and how the market stalled.

It examines the outside influences and their impacts on the luxury market, and why, despite the impacts of various negative influences throughout the year, the affluent are still eager to invest in luxury properties.

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