After a surge of luxury buyer under-contracts the previous week, the market responded last week with an increase in luxury listings. Under-contracts did not match this new inventory, creating more inventory for luxury buyers. We are continuing to see many turn-key and 'cream puff' luxury homes selling well.
The market is quite balanced in the $0-1.5mm range, with the majority of the activity right now in the $500-1mm range. If you have a property to sell in one of these three price bands, get organized and sell while the market is still hot.