Hamptons Home Shoppers Want Luxury With a Discount

The video discusses the demand for luxury homes priced above $5 million, noting that while these homes are in demand, they are often sold below the asking price. Factors such as tax law changes and bonus season are considered as influences on the market. The Hamptons, being a discretionary market, is affected by stock market performance. Despite a strong quarter for luxury sales, overall sales fell, and inventory increased, leading to a slower sales rate. A paradox is observed where sales fell but prices increased, as buyers opted for more expensive homes, raising the median price.

What does the increase in luxury listings indicate about the market?

What paradox is mentioned regarding sales and prices in the luxury home market?