An article published this week by Forbes takes a look at several markets around the country where “the luxury segment is currently showing some weakness signaling buying opportunities.”
According to Forbes, there are currently several luxury markets to consider if you are shopping for your dream home.
“…if you are in the market for a luxury home, now may be the time to make an offer,” said Forbes.
One of the luxury markets compared and talked about in the article is Los Angeles. Forbes interviewed Todd Jones of Rodeo Realty Studio City to get a better idea on the luxury market in the area.
“For the higher end, I look at Days on Market (DOM),” said Todd to Forbes contributor, Ellen Paris. “When I last checked there were 406 active listings with an average of 208 DOM in that luxury category. That would tell you it’s a buyer’s market in that $5 million and up price range.”
The article also looks into the luxury market in Chicago, Atlanta and Boston.
To read the entire Forbes article, click HERE.