Economic factors make some luxury homebuyers hesitate
Amid economic uncertainty impacting consumer confidence, potential luxury homebuyers are hesitant to make significant investments.
The fluctuating tariffs and unpredictable stock market trajectory have left some sellers feeling anxious about their listings.
Delroy Gill from LIV Sotheby’s International Realty noted, “It’s definitely keeping many clients and cash on the sidelines.”
Market volatility has led to specific demands from clients, with some asking sellers to lower listing prices.
Andrew Abrams of Guide Real Estate faced challenges with buyers backing out of deals and sellers opting to rent out their properties.
Colleen Covell with Compass mentioned potential buyers being cautious due to economic worries, with some even considering moving abroad.
With increased inventory, buyers have become more selective, demanding move-in-ready homes at competitive prices.
Mckenzie Casey of LIV Sotheby’s International Realty stated that economic uncertainty may impact lower-priced buyers more than those in the luxury market.
Nick DiPasquale of NookHaven Real Estate highlighted fluctuations in pending sales and emphasized the need for further market analysis.
Despite market fluctuations, sales volume for properties above $1 million saw a slight increase in 2025.
JS’s news and editorial staff were not involved in the preparation of this post.
