September 2021 Boca Raton Area Luxury Market Report from Jean-Luc Andriot and The Institute for Luxury Home Marketing
Posted by Jean-Luc Andriot on Monday, September 20th, 2021 at 11:13am.
As I am a member of The Institute for Luxury Marketing, I thought I would share with you their September 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:
Over the last few months, the luxury real estate market has experienced the return of a more normal pace of doing business for those looking to buy and sell their homes.
Initial trends also indicate a moderation in the levels of sales and price increases.
However, while the frenzy may have settled, it is important to note that prices are still trending upwards because an inventory shortage remains the dominating factor affecting current market dynamics