The luxury market in Naperville continues to hold basically the same level of inventory whether in a seller's market or buyer's market. usually there are about 100 homes plus or minus whenever I do a market report on the Million Dollar plus home category.
Currently there are 95 homes listed for sale from $1M to $7.250M. In August there were only 5 homes sold in this category. The vast majority of the homes are listed under $2M, with only a handful in the multi-million dollar range. There are currently two homes in the pending status in this niche.
YTD there have only been 35 homes in this category with the highest one being a $2,374.029 new construction custom home.
The luxury market in Naperville joins the trend nationwide of slowing down as a general slowdown in the real estate market continues.