As the year draws to a close, November’s statistics reveal that the luxury market remains solid, prices stable, and the median length of time, as well as the selling price to list price ratios, remain consistent.
Inventory is increasing, but this is reflective of both the time of year and ultra-high priced luxury properties selling at a slower rate than in previous years.
Comparing last October 2018 to November 2018, the median single-family luxury sales price climbed 8.5% while sales fell 11.7%. The luxury median attached sales prices rose 2.3%, and the number of sales also rose 2.6% in November.
The following is your guide to luxury real estate market and trends for North America for December 2018. This is a monthly report which provides an in-depth look at the top residential markets across the United States and Canada.