South Florida stumbles, New York booms in second quarter luxury resi sales

Luxury home sales in the world’s top real estate markets were a mixed bag in the second quarter of this year.  Sales of homes priced at $10 million or more doubled in New York, and fell by half in Miami, according to a global report by Knight Frank. That flips the script on Miami’s post-pandemic market, where luxury sales have closed at record levels since the wealth migration started in 2020. Dubai and New York led luxury markets globally, according to the report. Dubai saw 143 sales with $2.6 billion in dollar volume; and New York closed 120 deals with […]

This article originally appeared on The Real Deal. Click here to read the full story.