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
Nearly 15 percent of homes that went under contract—the highest percentage of any June on record
The median U.S. sale price is up nearly 5 percent year-over-year
Builders have pumped the brakes because borrowing costs are high and there’s already a near-record number of units hitting the ...
Just 47 percent of U.S. apartments that were completed in the fourth quarter were rented within three months
The median U.S. home sale price hit a record high in May at $439,716
The median asking rent climbed 0.8 percent year-over-year to $1,653—just $47 below the record high
One-quarter of renters stayed in their home for 12 months or less
The typical home in areas with LGBTQ+ housing protections costs $492,290, compared with $357,010 for homes in areas without protections
The portion of housing supply that’s newly built is still roughly double pre-pandemic levels.
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