The luxury real estate market in Austin may be one to watch despite recent price declines, as buyers looking for greater market value from out of state look towards Texas.
Trends of increasing home prices are predicted to slow as economic changes begin to affect buyer demand, and the market adjusts from a strong seller’s market to a more balanced market, however, demand for luxury homes may be less affected as affluent buyer demand continues according to recent reports.
Canadian home sales have begun to slow this spring with national home sales decreasing 8.6% month-over-month.
Single-Family Homes In the luxury market, January saw 37 homes sell at or above $1.8M. Although this is a lower number than we’ve seen during the past few months, it is still well above the averages seen at the start of and before the pandemic. Homes sold after an average of 68 days on market; 25% of homes sold in less than 10 days. There …
The Toronto Regional Real Estate Board reports a substantial decrease in real estate transactions compared to this time last year, mostly due to the historically low amount of MLS listings.
Supply and demand for homes throughout Beverly Hills are becoming more level in recent months making the real estate market throughout the area more balanced than in previous months, according to realtor.com’s recent statistics.
Zillow’s 2022 housing forecast expects a “strong long-term outlook” driven by continued demand and limited availability of supply.
Vancouver’s real estate market continues to experience extremely low inventory levels while home prices continue to increase, creating a uniquely strong Seller’s market, according to a recent report from Christie’s International Real Estate.
Luxury home sales throughout Santa Fe, New Mexico experienced a double-digit increase compared to last year, especially those over $1 million according to Sotheby’s international Realty third-quarter market report.
According to a recent survey by Pulsenomics Real Estate prices are expected to continue to rise until 2025, but at a slower rate than in recent months.