Luxury Market Might Be More Stable Than You Think
4231. Take into account seasonal shifts
As we transition from winter to spring you can expect to see more inventory on the market. Why? There will still be inventory remaining in winter destinations and new inventory coming on the market in anticipation of the spring rush. The Luxury Market Report shows inventory levels over the last 13 months fluctuating by about 8,900 units, but nothing that is out of character for these expected seasonal shifts.
As you compare the big picture over the last 13 months you’ll notice similar trends. While numbers from this February might be considerably different than statistics gathered in the summer months, they’re not terribly different from last February’s numbers. Understanding these macro, big-picture shifts gives you more tools to be able to predict what is to come in the luxury housing market.
Good stuff. Are you trying to post a "blog"? This is the Q & A between agents. Blogs are posted in a different section that the public can read.
Hope that helps. Keep it up!
Mark McNitt
MarkKnowsHouston.com
832-567-4357
Bernstein Realty
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