Trends indicate that predictions for a decline in the luxury market during 2018 remain unfounded.
Early predictions of the 2018 luxury housing market indicated a possible decline in the number of sales and the sales price of homes across North America due to a number of factors, including fewer investments from wealthy, international buyers.
However, the key indicators of new listings sold prices, and sales ratios for the North American luxury market are in-line with expectations during the typically busier spring market. Results show these indicators are comparable to the same period during 2017.
North America as a whole is trending towards a balanced market, but how does your community compare? The latest Luxury City Reports for more than 50 of the most active luxury markets are now available. Learn how your market is performing compared to the rest of North America to better inform your clients and potential clients of current market conditions.
Credit : Luxury Home Marketing