South Florida Luxury Housing Market Snapshot; Ultra-Luxury 1%
Defining Luxury; Luxury is defined dynamically using sale prices to track and identify the luxury tier in each market over time.
We focus on two luxury tiers for the South Florida Luxury Housing Market — Luxury is defined as the top 5% (95th percentile) as the threshold; the other tier is Ultra-Luxury using the top 1% (99th percentile) as the threshold.
Miami-Dade County; South Florida Luxury Housing Market
South Florida Luxury Housing Market Methodology
Home sale prices from each luxury tier (top 1% or top 5%) were used to calculate the monthly price and index values. The data range begins from January 2011, and values are calculated monthly using a 12-month average. To calculate the index, each month’s 12-month average sale price was divided by the benchmark sale price from January 2011 for reference. Data series are updated monthly on a three-month lag and are not seasonally adjusted.
Source: Realtor.com® Residential Home Sales Database
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