Luxury Home Sales Surge Twice as Fast as Mid-Priced Homes in U.S.

Source: The World Property Journal — 

According to national property broker Redfin, purchases of high-end homes in the U.S. jumped 26% year over year during the three months ending April 30, 2021.

That’s compared to the 17.8% gain in purchases of affordable homes and the 14.8% increase in purchases of mid-priced homes. This comes as wealthy Americans have reaped the benefits of a strong stock market, swelling savings accounts and remote work–and as a relative abundance of high-end homes have hit the market, enabling purchases in that segment of the market to flourish.