The sales of prime properties dropped to their lowest level since the beginning of the COVID pandemic.

Luxury Property Sales Plunged -17.8% Y/Y

Buyers of prime properties retreated in the three months ending April 30, according to a report by Redfin.    Sales of luxury properties plunged -17.8% during this three-month period due to the same fears of typical homebuyers – inflation concerns, rising interest rates, stock market volatility and global uncertainty.

There have only been two other times during the last ten years when sales have dropped more…the three months ending May 31, 2020, when sales fell -21.6% and the three months ending June 30, 2020, when sales declined -23.6%.

Are you ready to learn what your DISC personality style is? You know it’s critical that you understand what your natural personality style is. Once you have obtained this knowledge everything in your business and personal life will change for the better. Tim and Julie Harris are making it super simple for you to have this powerful info. Now, text the word YOU to 47372, and when you do you will instantly receive a special exclusive text link. Next, you will complete your own DISC personality test.. the results will be shared with you instantly once you complete the simple and fun test, no strings attached. Simply text the word YOU to 47372 and click the link.

P.S. (Limited time: no charge to take the complete test)

* 4 Msgs/Month. Reply STOP to cancel, HELP for help. Msg&data rates may apply. Terms & Privacy:

“High End Homes Coming Back to Earth”

This slowdown in sales of luxury properties indicates, according to the Redfin report, that “high-end homes (are) coming back to earth following a nearly +80% surge in sales a year ago.”

Lux buyers have lapped up homes in less populated areas of the country during these two pandemic years and supply was minimal in accordance with a record decline of -24.6% as of last summer 2021.  More currently, the supply of luxury homes dropped another -12.4% y/y during the three months ending April 30.

Prices of Lux Properties Up +19.8%

With inventory being quite scarce in the three months ending April 30, prime property prices jumped +19.8%.

Non-prime properties estimated to be in the 35th to 65th percentile based on market value saw its median prices jump +20% in the three months ending April 30.  Sales volume within the non-luxury sector fell -5.4% and inventory fell -8.4%.

URGENT! Exclusive Invite: Join Premier Coaching for FREE! You read that correctly, Premier Coaching for the first 30 days is 100%, no strings attached FREE. Here is what you get: DISC Personality Test, Seller and Buyer Scripts, Presentations, Lead Generation Systems, Market Shift Plan, Real Estate Treasure Map, Members Only Community Groups (and a ton more). The best part is you will have a DAILY Live Coaching Call with a Harris Certified Coach. Yep, you read that correctly….every weekday you will attend a semi-private coaching session with your coach. All of this is 100% FREE. Of course, you want to join Premier Coaching. There is Zero Risk and joining costs you nothing. This is the Real Estate Success system you need in this quickly changing market. Join Premier Coaching NOW.

Thanks to Redfin and MansionGlobal.

Claim Your FREE Real Estate Treasure Map!