The April 2020 Luxury Market Report from The Institute for Luxury Home Marketing
Posted by Jean-Luc Andriot on Monday, April 27th, 2020 at 7:53am.
As I am a member of The Institute for Luxury Marketing, I thought I would share with you their April 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.
The Institute for Luxury Home Marketing both appreciates and recognizes the impacts that the Coronavirus pandemic will have globally on both human life and economically… and that it is highly unlikely that the luxury real estate market will remain immune from its effects.
April’s report reviews the current statistics for the luxury market in North America month over month, as well as the 13-month trend.
However, at this time the figures for the luxury real estate market for the first quarter of 2020 showed very little slow down and are higher compared to the same period in 2019.
The report gives a detailed explanation and statistics that show this is due to a strong rebound in the last quarter of 2019 which then continued into the start of 2020. The luxury market numbers continued to trend up even into March for both single-family and attached properties.