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Luxury Market Heats Up as Affluent Buyers Seek ‘Forever Homes’

Appraisal Buzz

Demand for “have-it-all” properties and the “forever dream home” will shape this spring’s luxury housing market, according to the Coldwell Banker Global Luxury 2024 Mid-Year Trend Report , which forecasts growing optimism among affluent consumers and an influx of desirable inventory. of responding specialists agreed.

Buyers 417
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Agents in Illinois grapple with the state’s housing inventory shortage

Housing Wire

Real estate professionals throughout the state attribute the resilience of the state’s housing market to its perpetually low inventory problem. Inventory is almost nonexistent,” said Melissa Kingsbury , a Redfin agent who works in the southwest suburbs of Chicago. “If As of Feb. Across the state, as of Feb.

Inventory 468
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While the Austin housing market isn’t sizzling, agents say it is still warm

Housing Wire

Additionally, Austin’s median list price has remained stable even as inventory has risen drastically from the troughs it reached in the spring months of 2021 and 2022. I feel like the market we are in, from an inventory standpoint, feels similar to last year.”

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TRACKING THE SINGLE HOUSEHOLD AND OTHER LIFESTYLE CHOICES

Will Springer Realtor

Note: Average prices include all home sales – including ultra-luxury properties – and do not portray the housing market as accurately as median prices.) Total inventory remains low, however, keeping prices higher on an annual basis. property on a just-shy, 0.2-acre Contact me for more information.