2019 Inventory Luxury Properties Sellers 
Empire Appraisal Group
SEPTEMBER 14, 2023
Homes Worth at Least $1M By Kerry Smith While $1M signified luxury property a short while ago, it’s now 8% of the nation’s housing stock – but a large percentage of those homes are still in Pacific Coast states. Elevated mortgage rates discourage potential home sellers, who are staying put to keep their relatively low mortgage rates.
Housing Wire
FEBRUARY 8, 2024
Altos considers anything above 30 to be indicative of a seller’s market. Real estate professionals throughout the state attribute the resilience of the state’s housing market to its perpetually low inventory problem. Like the Chicago suburbs, Peoria’s desirability has put a strain on the city’s already tight housing inventory. “We
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McKissock
APRIL 13, 2021
Their choice of parameter to measure performance was guided by the escalating number of luxury property sales and the importance of understanding this impact on the level of inventory available. But in 2020 the swing was dramatic, with many markets becoming seller-controlled for the first time in years.
Chicagoland Appraisal Blog
APRIL 3, 2020
Here’s what that means for sellers in the Chicago area: Make key updates if you’re selling a dated home. Last year was a tough market, and the only properties that were moving were the ones that were renovated,” she says. Whether they realize it or not, buyers are swayed by their first impression of a property.
Will Springer Realtor
MARCH 14, 2022
off their 2022 high of 3.92% (the highest level since May 2019). Without their spirit to rebuild, our thinning housing inventory would be more dire than it is today. In addition, average profit increased a whopping 45% in one year ($64,900) and 71% since 2019. with equity-rich property owners, according to ATTOM.
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