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Luxury homes sold for way more

Redfin also found that the median sales price of a luxury home climbed 25.8 percent year-over-year during the second quarter of 2021, ultimately hitting $1. 025 million. That price growth handily beat other segments of the housing market, and Redfin attributes this phenomenon to “affluent Americans reaping the benefits of the year’s strong stock market, gains in home equity and remote work.”

Source: Redfin analysis of MLS data and public records
Credit: Redfin

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