According to the International Luxury Home Marketing National Report, for the week of December 11th, 2017, there were 20,369 luxury homes on the market. The Market has taken a slight shift with a few less homes available and slightly longer days on market. These homes have been on the market for an average of 179 days. The median house size is 4004 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 $1,634,274. Currently, the median price per square foot in the luxury home is $420/sq. ft.
Currently, the ILHM National Market is currently in a Cool Buyer’s Market. For an indepth look at the report Please Click Here