After a period of strong demand for luxury housing, the market in North America started cooling off in the second half of 2022. In April 2022, single family and attached homes spent as little as eight days on market and by September, the period between a property being listed and sold exceeded 20 days. Though this is an increase from the figures seen in 2021 and the the beginning of 2022, it was still below the initial months of the pandemic.
Average number of days on market of luxury single family and attached homes in North America from March 2020 to November 2022
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Other statistics that may interest you Luxury residential real estate in North America
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Canada
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- Premium Statistic Sales price of luxury properties in Canada 2022, by city
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Institute for Luxury Home Marketing. (December 14, 2022). Average number of days on market of luxury single family and attached homes in North America from March 2020 to November 2022 [Graph]. In Statista. Retrieved September 24, 2023, from https://www.statista.com/statistics/1234987/days-on-market-luxury-homes-north-america-by-property-type/
Institute for Luxury Home Marketing. "Average number of days on market of luxury single family and attached homes in North America from March 2020 to November 2022." Chart. December 14, 2022. Statista. Accessed September 24, 2023. https://www.statista.com/statistics/1234987/days-on-market-luxury-homes-north-america-by-property-type/
Institute for Luxury Home Marketing. (2022). Average number of days on market of luxury single family and attached homes in North America from March 2020 to November 2022. Statista. Statista Inc.. Accessed: September 24, 2023. https://www.statista.com/statistics/1234987/days-on-market-luxury-homes-north-america-by-property-type/
Institute for Luxury Home Marketing. "Average Number of Days on Market of Luxury Single Family and Attached Homes in North America from March 2020 to November 2022." Statista, Statista Inc., 14 Dec 2022, https://www.statista.com/statistics/1234987/days-on-market-luxury-homes-north-america-by-property-type/
Institute for Luxury Home Marketing, Average number of days on market of luxury single family and attached homes in North America from March 2020 to November 2022 Statista, https://www.statista.com/statistics/1234987/days-on-market-luxury-homes-north-america-by-property-type/ (last visited September 24, 2023)
Average number of days on market of luxury single family and attached homes in North America from March 2020 to November 2022 [Graph], Institute for Luxury Home Marketing, December 14, 2022. [Online]. Available: https://www.statista.com/statistics/1234987/days-on-market-luxury-homes-north-america-by-property-type/