Luxury Home Chart and Stats
Luxury Homes on the Market ILHM National Luxury Composite Price 1,168,514 Total Inventory 41,391 Percent of Properties with Price Decrease 41 %
An MAI value greater than 30 typically indicates a “Seller's Market” (a.k.a. "Hot Market") because demand is high enough to quickly consume available supply. A hot market will typically cause prices to rise. MAI values below 30 indicate a "Buyer's Market" (a.k.a. "Cold Market") where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. A cold market will typically cause prices to fall.
The ILHM National Report this week looked at 41391 luxury homes on the market. The ILHM Luxury Composite Price this week is $1,168,514. These homes have been on the market for an average of 185 days.
Luxury home prices across the ILHM National sample have stayed relatively stable in recent weeks. This week median price is $1,168,514.
Average Days on Market 185
Asking Price per Square Foot $ 329
New Listings 1,618
Absorbed This Week 1,592
0.50 - 1.0 acre
Buyers Market
from: Luxuryhomemarketing
