Luxury Real Estate News - Real Time Data on Luxury Housing Market

The Institute for Luxury Home Marketing announces the ILHM Luxury Market Report

The “ILHM Luxury Market Report,” will provide the first real-time view of the US luxury home market, with data collected from 31 metro areas. The report will include house pricing, inventory levels and market conditions from: Atlanta, Austin, Baltimore, Boston, Charlotte, Chicago, Cleveland, Dallas, Denver, Detroit, Honolulu, Houston, Las Vegas, Los Angeles, Miami, New York, Orlando, Philadelphia, Phoenix, Portland, Raleigh Durham, Sacramento-Tahoe, Salt Lake, San Diego, San Francisco, Seattle, Silicon Valley, Tampa, Minneapolis-St. Paul, Ventura, and Washington DC.

The ILHM Luxury Market Report is the only real-time national report tracking the luxury market, Like the Case-Shiller Composite Index and other national indices, it is a bundle of data from markets around the country that give a simplified view and try to get at the question of what’s happening in the marketplace. Unlike other reports and indices currently available, the ILHM Luxury Market Report focuses exclusively on the top of the market and provides a real-time snapshot of the luxury market at both the local and national levels.

We know that real estate is a local business. We also know that in a given place, at a given time, different price segments within the market perform differently,” says Moore. “Trophy homes at the top of the market might be in high demand and setting new price records, while in the same city starter homes might be stagnant and seeing major downward price pressures. Most major indices ignore this fact and lump all price segments together to get at some sense of overall market trends. We don’t do that. In fact, we look at just the top of the market, so that you can see more clearly what is really happening in luxury markets around the country and the overall luxury trend at the national level. Waco Moore, President of The Institute for Luxury Home Marketing.

The report will be officially launched at the National Association of Realtors national convention in Orlando, Florida, this week.

Institute of Luxury Home Marketing
National Association of Realtors convention