July 2021 Boca Raton Area Luxury Market Report from Jean-Luc Andriot and The Institute for Luxury Home Marketing
Posted by Jean-Luc Andriot on Tuesday, July 20th, 2021 at 7:25am.
As I am a member of The Institute for Luxury Marketing, I thought I would share with you their July 2021 report for Boca Raton - Delray Beach.
It is your guide to a general analysis on the trends and comparative data on the top-residential markets in the Boca Raton - Delray Beach area.
Statistics are separated between single family homes and condominiums / townhomes in Boca Raton - Delray Beach.
At the national level:
At the start of 2021, experts predicted a strong luxury real estate market that built on the trends set in the second half of 2020. However, very few anticipated just how much impact buyer demand would still have on 2021’s spring market.
Fortunately, inventory levels have started to climb in the latter part of April, and into May and June, which offset some of the multiple-bid situations and allowed markets to begin achieving greater stability, as well as a more normal pace in the buying and selling process.