According to Nielsen … Millennials may be many things, but they may not be what you expect. Millennials are the social generation. They’re the founders of the social media movement—constantly connected to their social circles via online and mobile. They prefer to live in dense, diverse urban villages where social interaction is just outside their front doors. They value authenticity and creativity, and they buy local goods made by members of their communities. Millennials care about their families, friends and philanthropic causes. However, they’re also coming of age in the most dire economic climate since the Great Depression–making their families, communities and social networks even more valuable as they band together.
Among their key findings, Millennials are…
- Diverse, Expressive and Optimistic
- Driving a Social Movement Back to the Cities
- Struggling, But They Have an Entrepreneurial Spirit
- Deal Shoppers and Desire Authenticity
- Connected and Want the Personal Touch
Luxury Home Market Statistics
National Summary Charts
The charts below show the 7-day and 90-day rolling averages for median list price, days on market, and inventory for the national composite–a snapshot of how, together, the luxury markets around the country are performing.
Where Do The Millennials Live?
As of March 30, 2014 There are 320 Luxury listings priced between ($1,000,000-$5,000,000) in Norfolk County, Massachusetts. 327 Luxury listings have sold, contingent or under agreement in the past 6 months.
Middlesex County – 375 Luxury listings with 500 that have either sold, contingent or under agreement.
Information courtesy of the Institute for Luxury Home Marketing
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