Overall real estate sales fell 4% nationwide in the first quarter, according to Redfin.
Yet, luxury real estate sales increased more than 2%, posting their best year-over-year gains in three years, according to Redfin.
Real estate experts and brokers chalk up the divergence to interest rates and supply.
In Manhattan, all-cash deals hit a record 68% of all sales, according to Miller Samuel.
The median price of luxury homes hit an all-time record of $1,225,000 during the period.
Persons:
Miller Samuel, David Palmer
Locations:
Real, Manhattan, Seattle