Boston's Luxury Housing Market Has Cooled. Here's Where It Ranked

By Grant Welker • Published November 28, 2022 • Updated on November 28, 2022 at 9:12 am

Luxury home sales have tanked nationally this year thanks to rising interest rates, inflation and economic uncertainty.

Boston-area sales fell 15% this June, July and August, according to Redfin, which defines luxury listings as those in the top 5% of the market. Nationally, such sales plummeted 28%. Not one of the 50 largest markets saw the number of luxury sales rise.

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