Across all markets, real estate professionals recognize that COVID drove an unprecedented but unsustainable market, with many major municipalities experiencing generally low levels of available inventory -- in some cases, as low as barely one month of available inventory. A 'stable' luxury market will have 12-18 months of available inventory.
- Titled The Business of Luxury Real Estate, the study polled a cross-section of top residential real estate brokerages, their principals, and top-producing agents.
- So, the luxury real estate buyer remains in the market despite rising interest rate issues.
- It is the luxury arm of Leading Real Estate Companies of the World the global network of top independent real estate firms, with 550 companies and 136,000 sales associates in over 70 countries.
- LPI attracts a global audience of visitors from more than 200 countries/territories every month and markets more than 50,000 luxury homes annually.