The median U.S. luxury home sale price rose 4.7% year over year to $1.4 million, while non-luxury prices increased 1.5% to $377,477. Luxury homes, defined as the top 5% by price, saw a 2% increase in sales and a 1% rise in new listings. Luxury homeowners are more willing to list due to high prices and demand but often hold onto properties due to low mortgage rates and tax reasons.