We've been hearing all over the place that the housing inventory is at record lows (NAR states we are at a 4.3 month supply) and while that may be true for most median markets, we can't overlook the fact that luxury and premium markets are more the opposite. 

Locally, luxury homes are staying on the market longer with plenty of inventory so that it's more of a buyer's market at this end. 

If you are in the  market to purchase a luxury home, it actually is a great time. If you are considering selling your current home, contact a local Realtor who can explain the exact market conditions for your sale and purchase.