May 2020 Luxury Market Report from Jean-Luc Andriot and The Institute for Luxury Home Marketing

Posted by Jean-Luc Andriot on Friday, May 22nd, 2020 at 4:35pm.

Jean-Luc Andriot Luxury market report May 2020

As I am a member of The Institute for Luxury Marketing, I thought I would share with you their 
May 2020 report.

It is your guide to a general analysis on the trends and comparative data on the top-residential markets throughout Canada and the United States.

May’s report reviews the current statistics for the luxury market in North America month over month, as well as the 13-month trend.

At the beginning of April, some real estate experts predicted a 30-40% decrease in inventory and that sales would drop dramatically due to “stay at home orders”.

However, rather than hit the panic button, it seems that the luxury real estate market hit “pause”.

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