From Realtor Magazine Online, Daily Real Estate News November 18, 2008
More than 43 percent of sellers of luxury homes have had to reduce their prices, according to one study of high-end home sales.
The Institute for Luxury Home Marketing’s newly launched Luxury Housing Report says that homes in ZIP codes at the top end of the housing market are selling more slowly, up from 110 days on the market in May to 130 days in September.
Median prices have remained stable at a $1.154 million, or $336 a square foot, about the same as September.
Here’s the situation in the top 10 priciest markets and the average days on the market:
1. Atlanta: Median price, $788,062. Average days on market: 123
2. Boston: $1.45 million, 125
3. Chicago: $1.48 million, 153
4. Dallas: $844,036, 120
5. Honolulu: $1.15 million, 110
6. Las Vegas: $482,197. Inventory, 137
7. Miami: $1.96 million, 220
8. New York: $3.6 million, 186
9. San Diego: $2.1 million, 83
10. Seattle: $1.1 million, 113
Source: The Wall Street Journal, Robert Frank (11/11/08)
Subscribe to:
Post Comments (Atom)
.jpg)
No comments:
Post a Comment