Here are the latest luxury home market numbers from The Institute for Luxury Home Marketing as of Aug 2020
Dallas market is seller's market with $1,032,000 median list price and 35 days in market for homes on an average.
Official Market Type: Seller's Market with a 23.8% Sales Ratio.
• Homes are selling for an average of 97.01% of list price.
• The median luxury threshold2 price is $940,000, and the median luxury home sales price is $1,312,000. • Markets with the Highest Median Sales Price: LA Beach Cities ($4,025,000), Vail ($3,978063), Santa Barbara ($3,665,000), and Vancouver ($3,400,000).
• Markets with the Highest Sales Ratio: GTA-Durham (94%), Ada County (83%), Sacramento (71%), and Seattle (70%).
According to July 2020 LUXURY MARKET REPORT by The Institute for Luxury Home Marketing, here are the latest statistics about Luxury Home Market. As you can see that sales have been increasing month over month.