September 2022 Luxury Market Report
In August, we began to see the transition from a seller’s market to a buyer’s market but not quite at the same rate as some people were predicting. For example, in September's report, you will see that of the 140 single-family luxury markets analyzed, 106 remain seller’s markets.
The number of properties selling has slowed and inventory is growing while also remaining on the market longer. That's somewhat different from a year ago. The report also shows that not only have prices continued to trend upwards, but new inventory entering the market has dropped significantly over the last two months.