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- Home sales may be sluggish, but the luxury segment of the market is thriving.
- Sotheby’s International Realty highlighted four things motivating luxury homebuyers in 2026.
- Some are buying homes in Milan, while others are moving to San Francisco to take part in the AI boom.
While many Americans are sitting on the sidelines, waiting for the real-estate market to become more affordable, ultrawealthy buyers are still snapping up homes.
Sotheby’s International Realty’s 2026 Mid-Year luxury outlook survey found that 55% of its real-estate affiliated professionals worldwide who specialize in properties priced at $10 million and above saw an increase in luxury homebuyers in their local markets over the previous 12 months. Respondents also said they expect strong demand for the remainder of 2026.
“The affluent remain engaged and confident in the luxury housing market. They are deliberate but not deterred,” Philip A. White Jr., president and CEO of Sotheby’s International Realty, said in the brokerage’s report.
Here are four trends gaining traction among ultrawealthy homebuyers according to Sotheby’s report, from a revival in San Francisco’s real estate market to a growing demand for homes that allow buyers to age in place.
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