August 2026 Luxury Market Report

July brought another strong showing for North American luxury real estate, proving the market isn’t taking much of a summer vacation! Sales continued to outpace 2025, even as inventory remained tight.

Luxury single-family home sales increased 9.8% year over year, while attached property sales jumped 15.2%. At the same time, available inventory was down 2.2% for single-family homes and 4.8% for attached properties compared with July 2025.

What does that mean? Buyers are purchasing more homes while having fewer choices on the market, and that continues to put sellers in a strong position.
The single-family market moved further into seller’s market territory, while attached properties remained balanced but edged closer to favoring sellers.
Bottom line: Demand is strong, inventory is still tight, and luxury buyers are continuing to make their move. July may have slowed things down a bit for summer, but this market is certainly not sitting still!

July signaled a subtle shift in the luxury market. Demand remains strong, but sellers could be starting to bring more inventory to the table. The next few months will be key as we watch supply, sales, pricing, and buyer activity to see where the market goes next.

For now, one thing is clear: the best properties continue to stand out, and the luxury market remains one to watch.

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