The Market Action Index (MAI) illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory. Follow this link for the latest report concerning the Luxury Market place.
How’s the Luxury Market?
That’s the question this report answers for the “luxury market” nationwide, and for the luxury markets in more than 30 major metro areas.
The ILHM Luxury Market Report is a snapshot of the national 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 virtually all of the other reports and indices out there the ILHM Luxury Market Report is focused exclusively on THE TOP OF THE MARKET. They know that markets are local. They also know that in a given place, at a given time, different price segments perform differently. 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 (or vice versa). Most major indices ignore this fact and lump all market segments together to get at some sense of overall market trends. They don’t.
They 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.
– The ILHM Luxury Market Report