THE JANUARY LUXURY MARKET REPORT January 21, 2021 February 9, 2021|Luxury Market Report

Dated: February 12 2021

Views: 934

The Institute’s Luxury Market Report is your guide to an analysis on the trends and comparative data on the top-residential markets throughout Canada and the United States.

January’s report reviews the current statistics for the luxury market in North America month over month, as well as the 13-month trend.

Welcome to 2021!

In this month’s report, we review the previous year’s market in conjunction with current predictions for North America’s luxury real estate market in the United States and Canada. 

In a snapshot of 2020, despite the devastating effects of the coronavirus pandemic, the luxury real estate market has seen one of its strongest years since 2008.

We compare the predictions of experts in early 2020 and discover which held firm and which trends saw dramatic changes.

The luxury real estate market’s initial resilience in the second quarter of the year surprised many in the industry, who had anticipated at the onset of the pandemic that the market would see a sharp downturn.

Discover the factors that were not only instrumental in preventing this downturn, but were actually responsible for turning the tide and why the luxury real estate market in particular was the benefactor.

What are experts predicting for 2021? Will the single family market in suburban and exurbia locations continue to see this unprecedented demand? And what’s in store for our metropolitan cities?

Click here to see the Institute’s full report.

For homeowners looking to sell or buy their luxury home in today’s market, we recommend working with a luxury real estate professional who can provide you with critical knowledge about your local market, maintain a high level of security and safety during the process, and who knows how to leverage technology and strategies to provide maximum exposure and assistance.

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