The Institute for Luxury Home Marketing, of which I am a member, issues a monthly Luxury Market Report for North America and the main local markets. The report provides an in-depth look at the top residential markets across the United States. If you are interested in receiving the monthly report, please sign up below. For more detailed information about the data, do not hesitate to contact me.
The King County single-family luxury market was still a seller's market last November, but the median days market was 13 days, up from 5 in November 2021. Also, homes sold for a median of 97% of list price.
Markets continue to cool. Properties are still selling, just not at the same velocity seen in the last two years, but still at a healthy rate by historical levels. Markets with the highest median sale price were Veil, Whistler, Telhuride and Los Angeles Beach Cities.