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Low inventory continues to transform luxury real estate market
Real Estate - AUGUST 31, 2021

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Low inventory continues to transform luxury real estate market

by Released

Berkshire Hathaway HomeServices has released its 2021 Luxury Landscape Report.

With a supply-demand disconnect in the residential real estate market steadily pushing prices up, many would-be sellers are holding off for financial reasons, afraid they will be unable to trade up in such an overheated pricing environment.

While a return to a more balanced market will unquestionably be slow, there are signs the inventory crunch may be easing and the situation may not be quite as dire as the data imply.

“Everybody is reporting a lack of inventory, and that’s not really the case,” said Christy Budnick, CEO of Berkshire Hathaway HomeServices. “There’s a low standing inventory, and that’s an important distinction. There really is a constant replenishment of the inventory right now; the problem is that is compressed because of extremely strong buyer demand, and we do anticipate that will continue throughout the year.”

The full report can be 

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