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Home›Real Estate›Residential›Only 5 metros now have typical luxury homes under $1 m…

Only 5 metros now have typical luxury homes under $1 million

Redfin says the count of major metros meeting the under-$1 million luxury-home threshold has fallen to five from eight last year.

Reported · Written up by our desk · Residential

Redfin News reports that only five major metros now have a typical luxury home priced below $1 million, down from eight a year earlier.

Detroit is identified as the most affordable of the metros, with a median luxury-home price of $719,252, 47.7% lower than the typical luxury home nationwide at $1,374,470, while San Francisco is the most expensive.

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Sources

Redfin NewsThere Are Now Only 5 Major Metros Where A Typical Luxury Home Costs Less Than $1 Million

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