In the second quarter, the luxury home market saw a significant increase in prices, with the typical luxury home selling for a record $1.18 million. This trend indicates a shift towards million-dollar starter homes becoming the new normal in the real estate industry.
Key Points:
– Luxury homes sold for a record $1.18 million in the second quarter
– The market is experiencing a shift towards million-dollar starter homes
– The trend is indicative of a changing landscape in the real estate industry, with affordability becoming a growing concern for homebuyers.
You can read this full article at: https://wrenews.com/the-new-normal-million-dollar-starter-homes/
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