For every single situation of Elliman Magazine manufactured by Douglas Elliman, the exact same company that publishes most of our U.S. market place investigation, I generate a quick column and produce a graphic to illustrate an vital situation dealing with the luxurious housing current market. Of course, the graphic I make is then supercharged by their pretty gifted graphics staff.
Listing stock has primarily collapsed in most U.S. housing marketplaces as unusually lower premiums versus the backdrop of robust financial problems have burned off supply to record lows. Evidence of this is seen in the proliferation of U.S. housings markets with a substantial share of bidding wars. Given that these are broad markets, many submarkets can see the market share at have to bigger levels. The proxy for current market share is the share of transactions that close previously mentioned the inquiring value at time of sale from overall interval revenue.
In the recent challenge of Elliman Magazine: Spring/Summer 2022, my column “A Symptom of Chronic Inventory Lows: Bidding Wars Are Everywhere”
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Tags: Listing Inventory, Elliman Journal, bidding wars, Douglas Elliman