Lap of luxury

Over 43 per cent of sellers of luxury homes have had to cut their asking prices, according to the Institute for Luxury Home Marketing's newly launched Luxury Housing Report...
 
The research shows that homes in post codes at the top end of the housing market are selling far more slowly, up from 110 days on the market in May to 130 days in September.

Average prices have remained stable at a £776,000, or £226 per square foot, which is around the same as September.

Top 10 priciest property markets and the average days on the market:

Atlanta: Median price, £530,000. Average days on market: 123
Boston: £974,000,  125
Chicago: £994,000,  153
Dallas: £567,000,  120
Honolulu: £774,000,  110
Las Vegas: £324,353,  137
Miami: £1.3million,  220
New York: £2.4 million,  186
San Diego: £1.4 million,  83
Seattle: £740,000,  113

Source: www.homesoverseas.co.uk