Effectively, it has taken five months for sellers to make a full return into the housing market
So the obvious question is, “Why such an explosive rebound?” Here’s what we believe:
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Frankly, we are in somewhat uncharted waters. There are no shortages of opinions and predictions. In all that we have read, there are two summary quotes that ring true to us…
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The 4th Quarter for 2019 came and went with blazing speed. The end of another year not only closed the chapter on 2019, but closed the book on the decade as well.
And what a decade it was......
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It appears that predictions from even the most knowledgeable in the financial and housing worlds don't always come true…
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While second quarter 2019 sales in the Luxury Housing market in most areas were flat compared to second quarter 2018, the median price stayed constant and the inventory stayed flat or went down.
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The 4th quarter Luxury Market of 2018 showed similar results in both Minnesota and South East Florida. October and November were above 2017 while December 2018 dropped below the prior year in total dollars and units sold. Median prices held close to 2017.
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