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Demand for Million-dollar homes soars

Source: NPR

Unfazed by the recession, wealthy Americans are looking to upsize their homes in the pandemic, according to data from the National Association of REALTORS®. As a result, demand for million-dollar homes is climbing faster than homes at any other price point.

Sales of homes in the $750,000 to $1 million price range have increased 85.5% over the last year, while sales of homes worth $1 million or more increased 106.5%. On the other hand, sales of homes in the $250,000 to $500,000 price range increased only 36.2%, NAR said.

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Community Real Estate is a Real Estate Company committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents. We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Foreclosures, Distress Properties and REO listings and sales. We support our America’s Heroes. We look forward to meeting you and your needs!
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714-835-7126

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