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‘Bay Area, Seattle and New York are losing million-dollar homes fastest.’ But in other cities, high-end properties are holding their value.

Por: MarketWatch Politics March 06, 2023

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As frustrated buyers sit on the sidelines, home sales are falling. And weak demand is also pushing home prices down. Real-estate brokerage Redfin said that certain million-dollar homes exited the category in January as prices dipped. The share of homes in the U.S. that are worth at least $1 million fell to 7% in January 2023, from an all-time high of 8.6% in June 2022, the company said Monday. In other words, a little over 7% of homes in America... + full article



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