SP/LP ratio of luxury homes North America 2021-2022, by property type
In November 2022, the average sales price of luxury real estate in North America was slightly below the listing price. Attached homes sold for 98.33 percent of the listing price, while for single-family homes this percentage was slightly lower at 97.95 percent. Just a year ago, luxury housing sold for 100 percent of the listing price, meaning that the byers' and sellers' expectations were aligned. A sales to list price ratio below 100 percent indicates that the market has cooled off and buyers are willing to spend less.
