Luxury Homes

High-end homes are selling quickly, according to a recent report conducted by Zillow. The main reason that luxury homes are picking up steam is simple: inventory! There are significantly more luxury homes for sale this year than last year, and a much higher proportion of luxury homes than usual.

Increasing home prices are enticing many homeowners to sell, and consistently low mortgage rates are encouraging these sellers to purchase more expensive homes according to the report published by CNBC.

A strengthening stock market is also being attributed to the recent uptick in sales. While the real estate market typically slows down during the fourth quarter, experts are predicting strong sales in the luxury market.