US Luxury Prices Grow Faster Than Rest of the Market

U.S. luxury home prices surged in the first quarter as short supply affected even the top of the market, according to a report Monday from Redfin. The average home price rose 7.9% to $1.8 million in the first three months of 2018, up from $1.658 million during the same period last year. The data, which looks at the top 5% of the market in 1,000 U.S. cities, showed luxury prices growing faster than the rest of the market.

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Source: Mansion Global