REALM’s Economic Forecast Survey Goes Beyond the Numbers with the Country’s Top Producers to Define Luxury and Ultra Luxury Market Dynamics and Key Trends
DENVER, Jan. 4, 2022 /PRNewswire/ — REALM, the first globally collaborative real estate platform that combines real-time data with human experience and networking, recently completed a comprehensive membership Economic Forecast Survey for 2022.
Valuable industry insider results focus on the latest in-demand amenities and design features in the luxury and ultra-luxury markets. REALM’s survey asked key questions on topics ranging from sales volume to interest rates to inventory expectations, to what is driving individual markets for 2022.
“REALM members represent the most elite luxury real estate professionals in the industry, with a significant number of members included on the REAL Trends/Wall Street Journal’s The Thousand, which ranks the top producers in the U.S,” says Julie Faupel, REALM founder, and Chief Executive Officer. “Their ability to forecast trends we’re seeing for 2022 is a value unrivaled in our industry,” Faupel adds.
Many REALM members experienced 2021 as their strongest year in the industry ever. As we move into 2022 there is intelligent optimism and renewed energy among REALM’s members for another record-breaking year. Below are the questions REALM members responded to.
Many REALM members experienced record sales in their markets across the U.S. in 2020. As we wrap up this year, how have sales been for you in 2021?
As luxury markets around the U.S. hit historic highs in sales activity and selling prices, REALM members report 2021 was a personal best year for many. Almost 80% saw their sales surpass those of 2020. Over 14% had 2021 sales numbers around the same compared to the previous year. Members who enjoyed increased sales hailed from such diverse locales as Atlanta, Nantucket, San Francisco, New York, Wyoming, Cape Cod, Chicago, Salt Lake, Napa Valley, Connecticut, and Santa Barbara to name just a few.