Prices for luxury homes soared in the first quarter
Housing Wire
APRIL 19, 2024
Luxury home prices in the U.S. year over year in the first quarter of 2024, with the median price hitting a record $1.225 million, according to data from Redfin. In comparison, prices for non-luxury homes rose by 4.6% High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market.
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