{"id":3362,"date":"2012-07-20T12:00:27","date_gmt":"2012-07-20T12:00:27","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=3362"},"modified":"2012-07-20T12:00:27","modified_gmt":"2012-07-20T12:00:27","slug":"luxury-homes-linger-longer","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/luxury-homes-linger-longer\/","title":{"rendered":"Luxury Homes Linger Longer"},"content":{"rendered":"

Luxury Homes Linger Longer Than Lower-Priced Houses.<\/h2>\n
\"Luxury<\/a>

Luxury Homes Linger Longer Than Lower-Priced Houses<\/p><\/div>\n

While the market for lower-priced and entry-level homes is showing signs of momentum, the\u00a0Luxury Homes<\/strong> market seems to be stagnant.<\/h3>\n

The average days on the market for\u00a0Luxury Homes<\/em> \u2014 houses selling for more than half a million dollars \u2014 is 186 days, according to the Institute for\u00a0Luxury Homes<\/span> Marketing weekly report. On the other hand, the national median for all homes dropped to 84 days in June, according to REALTOR.com MLS data.<\/p>\n

Inventories of for-sale homes in the luxury market as well as median asking prices have mostly stayed stable since November, according to the ILHM.<\/p>\n

Meanwhile, lower-priced homes are seeing falling inventories and list prices increase.<\/p>\n

The dropping inventories in lower-priced homes may be helping to drive most of the momentum. For example, Sam Khater, a CoreLogic economist, estimates that lower-priced homes are appreciating three times faster than\u00a0Luxury Homes due to the lower inventories and higher buyer demand.<\/p>\n

Source: \u201cTight Inventories Almost Bypass Luxury Market<\/a>,\u201d RISMedia (July 18, 2012)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Luxury Homes Linger Longer Than Lower-Priced Houses. While the market for lower-priced and entry-level homes is showing signs of momentum, the\u00a0Luxury Homes market seems to be stagnant. The average days on the market for\u00a0Luxury Homes \u2014 houses selling for more than half a million dollars \u2014 is 186 days, according to the Institute for\u00a0Luxury Homes … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-3362","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nLuxury Homes Linger Longer - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"Luxury Homes Linger Longer. 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