The meaning of a $1 million home has changed. Homes valued at $1M+ grew from 1.5M (2%) in 2005 to 6.9M (8%) in 2024, while sales…

The meaning of a $1 million home has changed. Homes valued at $1M+ grew from 1.5M (2%) in 2005 to 6.9M (8%) in 2024, while sales remain 2.4 times higher just below that threshold. Data shows housing markets often move faster than policy.
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