Now might be the perfect time to resume your search for a high-end home. Recent data suggests that the luxury home market is experiencing some significant changes that could benefit potential buyers. According to a report from the Institute for Luxury Home Marketing, luxury home inventory has seen a substantial increase, with a 24.1% year-over-year and month-over-month change compared to March 2023 and February 2024, respectively. This means that there are now more single-family luxury homes available. Additionally, luxury home prices have risen by 8.7% over the past year, offering a potential opportunity to build wealth. With a wider selection of top-of-the-line properties and rising prices, it’s a good time to explore the market.
Connect with a local real estate agent to discover the available luxury homes in your area.
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Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
