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While the national luxury housing threshold increased to $1,205,081 in February, some top U.S. metropolitan areas were offering lower entry-level luxury prices, making these homes more accessible to more buyers.
In its February Luxury Housing Report, released on March 10, Realtor.com noted that entry-level luxury home prices experienced a 1 percent month-over-month growth, but fell by 3.1 percent year over year.
When analyzing the top 10 percent of the country’s most expensive homes, Realtor.com uses the 90th percentile price point to serve as a baseline for the luxury market in a particular region. Typically, luxury homes start at 2.9 times the median price, while high-end luxury homes start at 4.6 times the median….
In its February Luxury Housing Report, released on March 10, Realtor.com noted that entry-level luxury home prices experienced a 1 percent month-over-month growth, but fell by 3.1 percent year over year.
When analyzing the top 10 percent of the country’s most expensive homes, Realtor.com uses the 90th percentile price point to serve as a baseline for the luxury market in a particular region. Typically, luxury homes start at 2.9 times the median price, while high-end luxury homes start at 4.6 times the median….
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