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Tag Archives: million dollar homes

Share of Homes Valued over $1M Shrinks YoY

Luxury mansion

“In most of the country, expensive properties that are in good condition and priced fairly are attracting buyers and in some cases bidding wars, mostly because for-sale signs are few and far between right now,” said Redfin Economics Research Lead Chen Zhao.

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1-in-20 Homes Now Valued Over $1M

Luxury mansion

“Real estate experts are predicting a large increase in the number of million-dollar homes across the country. The trend is being driven by an influx of wealthy buyers looking to invest in luxury properties and a steady rise in property values in certain areas,” said Jennifer Spinelli, founder and CEO of Niche Home Buyer.

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Worth a Million Bucks

Luxury mansion

Despite the continuous rise in prices, the median home value crossed the million mark in many metros of the country. Here’s an analysis on the rise of million dollar homes in the U.S.

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