Wealthy women are becoming a powerful force in the US high-end real estate market. According to data from Wealth X, women with a net worth of $5 million or more now own 15.2% of high-priced residential properties. This trend is not just about buying; prosperous women are also increasingly active in selling luxury properties.
Real estate experts like Jade Mills, president of Jade Mills Estates, observe a shift in home design reflecting the changing dynamics of luxury real estate, with women as key decision-makers. While the overall real estate market cooled last year, the high-end segment remained strong. The number of homes sold for over $1 million surged 7.1% year over year, reaching the highest level in the data's 23-year history. This growth is attributed to luxury buyers being less impacted by rising mortgage rates. McKinsey & Company predicts that these deep-pocketed women will play an even larger role in the thriving luxury real estate market in the coming years