The Market Cools As Summer Arrives
Demand for homes in Paris has remained stable through April and May. Total demand for homes in Paris is down 33% compared to 2017.
The number of homes for sale only rose 38% in May. The number of homes for sale is rising significantly faster than the number of homes sold each month.
The average home price continues to climb slowly. So far in 2018, the average sale price in Paris is $446,142 - up 4% from 2017.
The sale price vs. asking price ratio dropped significantly in May after being on a consistent rise from a low point in December. The average time to sell a home been slowly increasing, 44 days on average in May.
The $300,000 - $600,000 price brackets are very active, and the market is favouring the sellers. Over $700,000 the market is significantly slower and favours the buyers.