Quarterly Note - 1st Quarter 2019
The luxury home market showed lackluster results in the first quarter of 2019 for both Minnesota and South East Florida. Total dollar and median price were down by single digits or even from first quarter 2018. Inventory is higher while at the same time sale prices have not dropped. This points to sellers are so far ok with holding steady in hopes that some of the inventory clears and the market picks up.
Bonnie and Decker
Florida vs. Minnesota Markets - 1st Quarter 2018*
*For homes priced over $1 million.