Global luxury home sales cooled off in 2016 for the second consecutive year, even with a record number of homes selling for more than $100 million.
A report released Wednesday by Christie's International Real Estate shows that sales of homes priced at $1 million or more edged up about 1% worldwide last year.
That represents a sharp slowdown in growth compared with 2015, when luxury home sales climbed 8%, and with 2014, when sales vaulted 16%.
Despite the sluggish sales growth, Christie's says luxury home prices continued to rise last year, increasing about 2% from a year earlier. And for the first time, 10 homes sold for more than $100 million each. The priciest sale,...