Story perspectives

Global Real Estate Trends: Stability Amid Mixed Sales Data

2/21/2025

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Summary

Story summary

The prime London sales market remained stable, experiencing a slight 0.3% annual price decline and a 21.9% rise in new sales instructions.
The £5m+ market faced challenges, with transactions dropping 68% compared to last January.
U.S. home sales decreased by 4.9% in January, while inventory rose 17% year-over-year.
The Tri-Cities market saw average prices increase to $476,700 despite high mortgage rates around 7%.
New Zealand's residential sales surged by 17.5%, with listings up 21%, signaling a busy selling season ahead.

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Story summary

The prime London sales market remained stable, experiencing a slight 0.3% annual price decline and a 21.9% rise in new sales instructions.
The £5m+ market faced challenges, with transactions dropping 68% compared to last January.
U.S. home sales decreased by 4.9% in January, while inventory rose 17% year-over-year.
The Tri-Cities market saw average prices increase to $476,700 despite high mortgage rates around 7%.
New Zealand's residential sales surged by 17.5%, with listings up 21%, signaling a busy selling season ahead.