03/13/2024
Changes in Price Ranges
Prices for the YTD for January 1st - February 29th, 2024
Sold average sales prices increased slightly by 0.14% to $533,274 ($428,000 median) this past week compared to the same time frame in 2023 when we had an average of $532,543 ($434,000 median).
Updates on Current Inventory
Today there are now 10,472 active listings on the market with an average current list price of $813,866 ($525k median). Homes with a current list priced above one million account for 1,832 of active listings (17.5%). The greatest majority of the luxury market is homes priced between 1 to 1.9 million (1,214 homes), dropping as the sequential price categories increase. Months of Inventory in the luxury market are vastly different from the rest of the market, if you need further information on the Luxury Market, please reach out to us and we can provide additional reports updated today.