Luxury Home’s Market Report
I am a very visual person and I am sure many are too. The link below has numerous charts that show how the luxury real estate market is doing. I feel there is more liquidity coming back to the market for Jumbo mortgages (loan amounts above $417,000) which could be helping sales of these higher priced homes.
The supply of luxury homes is coming down, the percent of price decreases is stabilizing, etc. Make sure to take a look at the charts of the different cities. Miami isn’t looking too bad. I know in Fort Lauderdale, Broward County, we are along the same lines as Miami due to the steep price reductions over the 12 months.