Monday August 8, 2016
The ILHM National Report this week
looked at 25817 luxury homes on the
market. The ILHM Luxury Composite
Price this week is $1,518,988. These
homes have been on the market for
an average of 147 days.
The Market Action Index measures
available supply relative to the
current level of demand. Index value
above 30 indicates conditions favor
the seller. See the section below for
full details.
PRICE
Luxury home prices across the ILHM
National sample have stayed relatively
stable in recent weeks. This week
median price is $1,518,988.
PRICE PER SQUARE FOOT
Price per square foot gives us a view to
changes in how luxury homes are
valued as well as how they're being
constructed. Currently median price
per square foot in the luxury homes is
$395.
SUPPLY AND DEMAND
Residential prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained trends and an early view on coming price changes.
The ILHM National market is currently in the Buyer's Market zone (below 30), though not strongly so. The Market Action Index stands this week at 29 so luxury buyers should expect to find reasonable levels of selection.
INVENTORY
This chart illustrates the total number of homes in the ILHM sample each week. These are homes on the market for at least $500,000 in the top 10 zip codes for 31 major metro markets around the county. DAYS ON MARKET (DOM) The properties have been on the market for an average of 148 days.
LUXURY BY REGION
A look at the local luxury markets
around the country.
