How's the Market? You might be surprised...

Just a quick reminder that you can see a near real-time snap shot of marketing conditions in our ILHM National Luxury Market Report which looks at active listings in just the top zip codes of over 30 markets, plus an aggregated view nationally.

Here's a quick peek at the national trends by price, inventory, days-on-market, and market action index (a supply demand function that indicates market strength).  The price volatility and steep changes in inventory we've seen over the first part of this year are really evident in these charts:

 

Of course we all know that real estate is a local business, so looking at what's happening at the local level might be even more interesting, and perhaps even surprising.  Here's a peek at a handful of the local price trend charts:

Keep in mind the data is made up of current active listings, not past closed transactions so what we are seeing is a very current snapshot of the active market--specifically the most expensive zip codes by median price in each area.

You can download a PDF executive summary report here (updated weekly), and Members can access local details in the Members Only section of our website.

The data for the reports comes from our friends at Altos Research, who offer a great set of products for agents.  In fact, they've just launched  a cool new market stats website widget for their Altos Pro users.