Sales of luxury homes rose 41.6% year-over-year in the first quarter of 2021, crushing sales of affordable homes (7% increase) and mid-priced homes (5.9%), per a recent report from Redfin.

Luxury home prices in the U.S. surged by 8.7% year over year in the first quarter of 2024, with the median price hitting a record $1,225,000.

According to a new Redfin report, the April year-over-year drop was the largest decline in the luxury homes market since August 2023. April also saw the lowest level of pending sales in over a ...

The number of U.S. metropolitan areas where buyers can purchase a luxury home for less than $1 million has shrunk from 30 in 2020 to only seven today, according to a new Redfin report, as home ...