Redfin: Luxury Home Prices Spike Nearly 9 Percent To All-Time High
The typical U.S. luxury home sold for a record $1,180,000 in the second quarter of 2024
The typical U.S. luxury home sold for a record $1,180,000 in the second quarter of 2024
Oakland and San Bernardino get low marks on the annual list
Both NorCal hotspots had median prices above $1 million—the only two cities in the top 10 with such a distinction
On average, that works out to roughly $206K in tappable equity per mortgage holder
Sixty-three markets experienced double-digit annual price appreciation
The median sale price rose or stayed the same in all 50 of the most populous U.S. metros—the first time ...
Nationwide homes spent a median of 50 days on the market in March—but not in the Bay Area!
Down payment percentages were highest in San Francisco, San Jose, Anaheim and New York
According to NAR, 34 markets experienced double-digit annual price appreciation
Number found that steep price declines continue across areas of the Sun Belt, decreasing more quickly than the national median
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