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Where is Big Max Today?Luxury Market Points to a Slow and Steady Recovery
According to the RE/MAX of New England Luxury Housing Report, there are several indicators that point to a slow, but steady, recovery in the Luxury Market. While the number of transactions remained mostly flat, year-over-year data shows that seven of the 15 communities tracked in this report experienced an increase in sales price, including Wellesley and Brookline, where there were price increases of 39.4% and 26.9%, respectively. In the South End, the number of transactions increased 27.8%. Volume is also up in many neighborhoods.
“There are growing indications that buyers are purchasing in the luxury marketplace,” said Jay Hummer, RE/MAX of New England Executive Vice President. “We need to see buyer confidence, sales and price continue to increase to maintain a steady recovery.”
Click here to read the entire report.
Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.© 2012 Maine Real Estate Information System, Inc. All Rights Reserved. 
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RE/MAX of New England agents are licensed in the state of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.
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2011 Home Buyer/Seller StudySM. Study based on 3,861 total evaluations measuring 8 firms and measures opinions of individuals who bought a home between March 2010 and April 2011. Proprietary study results are based on experiences and perceptions of consumers surveyed March-May 2011. Your experiences may vary. Visit jdpower.com
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