Sizing up New York City’s lagging luxury growth

The last decade has seen New York City’s luxury market overtaken by its biggest rivals.  A report from Redfin shows how the Big Apple’s market has stood stagnant in the last decade as prices in the Sun Belt and South Florida surged.  Between October 2015 and October 2025, luxury home prices in New York have hardly budged, rising just 15 percent in the same time period to $4.1 million. The market notched the smallest growth among major metropolitan areas, followed by Houston with over 49 percent luxury price growth.  On the leaderboard were West Palm Beach and Miami, where prices […] This article originally appeared on The Real Deal. Click here to read the full story.