North American Luxury Review: December 2017

North American Luxury Review: December 2017

Last month’s real estate figures for North America show that residential property sales in the luxury market decreased by 6.7% over November 2017 while the median days on market increased from 31 to 41 days. Compared to December 2016, the median luxury home sale price has decreased by 2.1%, which may be the reason that days listed on the market have decreased to 45 days over 2016’s median of 56 days. These figures are to be expected at this time of year as generally winter months are not considered strong months for selling homes.

Source: Institute for Luxury Home Marketing

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