June 2021 Boca Raton Area Luxury Market Report from Jean-Luc Andriot and The Institute for Luxury Home Marketing

As I am a member of The Institute for Luxury Marketing, I thought I would share with you their June 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:

This month we look at the key drivers controlling the luxury real estate market.

We review how the gradual alignment of influential factors has led to a perfect storm of high demand in the luxury segment and whether there are any significant factors that may cause this demand to slow in future months.

We investigate current supply and demand trends, as well as the divergence of statistical data and why the difference between the median list price for properties remaining on the market against the selling prices for sold properties is becoming increasingly larger.

The report will help you understand why the drivers of supply are as important as those of demand and how they are both contributing to a lack of inventory as well as the high demand for luxury properties.