Million-Dollar Sales Push California’s Median to a Record
California’s median hit a record $930,260 as $1M+ homes claimed 38.5% of sales β while volume stayed below 300,000 for a 44th straight month.
Luxury Real Estate
San Francisco Leads the Big-City Housing Rebound
San Francisco’s median hit $1.72M β up 9.2%, the nation’s fastest β with sales up 23% and listings down 16%. Anatomy of a whiplash recovery.
Luxury Home Prices Rise Three Times Faster Than the Market
Luxury home prices rose 4.7% year over year β triple the pace of the broader market, Redfin found. Tampa and Miami led; only four metros declined.
Foreign Buyers in U.S. Real Estate: Where International Demand Is Showing Up
Foreign buyers purchased $56 billion of U.S. homes in the latest NAR data, up 33%. Where international demand is concentrating.