While supply and affordability are still key issues in the general for-sale housing market, residential real estate’s luxury sector — less tied to interest rates and volume shortages — has surged ahead and appears poised for a strong 2025.That’s according to The Business Journals’ recent Hottest Housing Index, which analyzed ZIP-code-level mortgage and real estate data provided by Intercontinental Exchange to determine the top luxury housing markets.Topping the list? Osterville, Massachusetts’ 02655, which had an average listing price of nearly $3.5 million. Average list prices in the area grew 30% between the second and third quarters of 2024, and the average list price grew 81%.California accounted for 59 of the 100 hottest luxury markets, but only five of the top 20.Average sales prices are up 60% nationally since 2019 and 10% in the last year alone in luxury ZIP codes, which …
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