Luxury Market Report
Luxury Market Report
Luxury Market Report Overview
Introduction
Welcome to the Luxury Market Report, your monthly guide to luxury real estate market data and trends for North America. Produced by The Institute for Luxury Home Marketing, this report offers a detailed analysis of the top residential markets in the United States and Canada. It includes benchmark prices, active and sold property surveys, and national trends to provide a comprehensive view of the luxury real estate landscape (p. 1).
Market Insights
The report delves into key metrics such as sales prices, sales volumes, days on market, and price-per-square-foot to offer a thorough analysis of the North American luxury market. It also categorizes markets into Buyer's Market, Seller's Market, and Balanced Market based on supply and demand dynamics (p. 2).
Key Trends for 2022
In 2022, three significant trends are shaping the luxury real estate market. The year 2021 witnessed historic price increases in both single-family and attached markets despite declining inventory levels. The report explores the impact of reduced inventory on sales, pricing, and market equilibrium (p. 3).
