The Numbers Are In

The Numbers Are In

If anyone was hoping that this week would be the week for the luxury home market tide to turn in favor of sellers, well…you’re out of luck. The weekly Institute for Luxury Home Marketing’s report is out and the market is still sitting squarely in favor of buyers.

The ILHM National Luxury Composite Price is holding at $1.5 million. Homes are also staying on the market an average of 171 days, up slightly from the previous week. Nearly 40% of current inventory saw a price reduction.

For the full report and further analysis, click here.

To learn more about our luxury real estate services in Jacksonville and the greater Florida area, please visit our website.

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