Luxury Home Sales Hit 6-Year High - Redfin Real Estate News

Luxury Home Sales Hit 6-Year High

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Updated on October 6th, 2020

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As the housing market and the economy both continue to recover, the luxury housing market is making big gains as well, with sales of homes $1 million and up gaining 34% between the first quarter of 2012 and the first quarter of 2013, compared to an increase of just 5% for the market as a whole over the same period.

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Tim Ellis

Tim Ellis has been analyzing the real estate market since 2005, and worked at Redfin as a housing market analyst from 2010 through 2013 and again starting in 2018. In his free time, he runs the independently-operated Seattle-area real estate website Seattle Bubble, and produces the "Dispatches from the Multiverse" improvised comedy sci-fi podcast.

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