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Market Memo

The State of the Luxury Market

The 2026 Mid-Year Luxury Outlook report delivers a comprehensive look at the forces shaping the global high-end residential real estate market. Drawing on insights from Sotheby’s International Realty affiliated agents, industry leaders, and economic data, this report explores the evolving dynamics influencing luxury housing, including a diversifying buyer pool, wealth creation and preservation strategies, demographic …

Market Memo

The Latest Quarterly Market Report

Premier Sotheby’s latest quarterly market report has just been released and we are proud to share this publication that is specifically designed for the interests of home buyers and sellers. This report provides a thorough overview of the status of the real estate industry in some of the most sought-after communities in the markets that …

Market Memo

What the Housing Bill Means for the Market

Last week Congress passed what many people regard as the most significant housing legislation in decades. The 21st Century Road to Housing Act is expected to have a long term rather than immediate effect on inventory and affordability through 45 provisions that involved extensive bipartisan debate. The most widely publicized element in the bill has been …

Market Memo New Construction

New Construction | Market Opportunity

We’ve talked about this a few times recently, and we’re going to stay on topic… new construction offers incredible value right now. While the month-to-month and quarterly fluctuations of our residential market have frustrated some sellers who hoped to capitalize on the type of gains we saw during the pandemic era, the long-term arc of …

In the Community Market Memo

Kicking Off Summer

We’re past Memorial Day and summer has set in here in Sarasota. Since school is out for my daughter, we enjoyed a quick trip to Disney (an easy jaunt from Sarasota), and life on the farm is in full swing. So what else is happening locally? While our market tapers during these hot months, particularly …

In the Community Market Memo View from SRQ

Networking Events Out of State

Last week was a busy one with SIR networking trips to strengthen our ties with high performing peers modeling the highest standards in the industry. Vittoria represented the MKT Team at a special summit in Charlotte, NC with Sotheby’s leaders from around the country, while I was invited to attend Premier SIR’s Club 1744 retreat, …

In the Community Market Memo View from SRQ

Florida Dominates in Wealth Migration

While these numbers date back a few years, recently released figures from a comprehensive realtor.com report illustrate the magnitude of purchasing power that has flooded into Florida since the pandemic. “Florida gained more wealth from high-earning newcomers than any other state in 2023, according to newly released data from the Internal Revenue Service. In 2023, …

Market Memo

Luxury Market Trends Tick Up

My team and I are constantly analyzing market trends to determine the best strategies for our clients. As April came to a close, we were relieved to see an uptick in luxury activity, particularly interest in new construction contracts. Mid-quarter, there was a pronounced lull in activity as buyers already acting without urgency because of …

Market Memo

Beware of Wire Fraud

In Premier Sotheby’s CEO Budge Huskey’s latest column for the Sarasota Herald Tribune, he details the real risk of wire fraud in real estate transactions. Wire fraud goes well beyond the real estate industry, with prevalent risk from increasingly sophisticated hackers who trick consumers into transferring money under false pretenses. With real estate transactions, the …