Dec 21, 2024 - Business
More million-dollar listings
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Homes listed over $1 million are taking up a larger share of the market, per Redfin.
The big picture: Wealthy people are the ones who can play in this market. Million-dollar homes grew 1 percentage point to 9.3% in 2024 from 2023, Redfin found.
The intrigue: The number of U.S. cities in which typical home values are above $1 million climbed to 550 in 2024 from 491.
The bottom line: U.S. median home prices have nearly doubled over the last decade.
