Luxury home sales volume decreased 20% in July from June. Median price and price per square foot also decreased month-to-month. Compared to the past few months, the highest sale is notably lower at $6, 350,000 FS. Looking at sales history over the past five years, it is not unusual to see a dip in sales in July. However, there were positive moves in the market. Compared to June, luxury homes sold 17 days faster, on average. A larger proportion of homes sold at or above asking price, and there were only two price reductions. READ MORE
