As I am a member of The Institute for Luxury Marketing, I thought I would share with you their November 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:
Although, the last quarter of 2021 is not expected to provide such dramatic increases in sales as 2020, there is a new significant trend currently impacting the luxury market.
Overall, the demand for luxury properties in North America is outpacing the supply of properties entering the market.
This explains why inventory levels continue to decline in the luxury market.