That's scary for sellers out there," Tutor said. The Redfin study backs this up: New listings of luxury homes fell by 6.6% year over year.

The temporary increase would follow a strong momentum of luxury property transactions in 2021. The previous year even accounted for six out of the top 10 months by dollar volume since 2008.

It was a record week for luxury real estate sales. There were 45 contracts signed for properties costing more than $4 million during the week of March 24 to 30, the most since Dec. 13 to 19, 2021 ...

2021 breaks record for luxury home sales In the $1 million-and-up category—representing about 2.5% of all homes sold in the area—3,480 homes were sold, an increase of 19% from 2020.

A mountain contemporary in Vail Valley has thrown down the gauntlet with what may end up being the most expensive sale in 2021 for the area. One of highest closing prices recorded so far this year ...