According to the International Luxury Home Marketing National Report, for the week of November 27th, 2017, there were 21,429 luxury homes on the market. These homes have been on the market for an average of 169 days. The median house size is 3994 square feet and is 30 years old.
This week the luxury home prices across the ILHM (International Luxury Home Market) National sample stayed relatively stable with a median price of $1,620,802. Currently, the median price per square foot in the luxury home is $408/sq. ft.
Currently, the ILHM National Market is currently in a Buyer’s Market. The luxury buyer should expect to find reasonable levels of selection. Click for an indepth copy of the report