Luxury home prices in the U.S. have experienced a significant increase of 8.7% year over year in the first quarter of 2024. This surge in prices has pushed the median price of luxury homes to a record high of $1,225,000, marking a stark contrast from previous years.
Key points:
– Luxury home prices in the U.S. have risen by 8.7% year over year in the first quarter of 2024.
– The median price of luxury homes has reached a record high of $1,225,000.
– This increase in luxury home prices signifies a strong market demand and potentially higher profits for sellers.
– The surge in luxury home prices could also indicate a shift in the overall real estate market towards higher-end properties.
You can read this full article at: https://www.housingwire.com/articles/prices-for-luxury-homes-soared-in-the-first-quarter/(subscription required)
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