High End Housing Market Boom
April 6, 2019
“As pricey homes hit market, median list price for a house reaches record $300,000“
“If you’re selling a high-end home, you’ve got company. More pricey houses are up for sale this year, pushing listing prices to record highs.
The median asking price for a U.S. home hit $300,000 for the first time ever in March, according to housing data from Realtor.com to be released later Thursday and provided early to USA TODAY. That topped the previous peak of $299,000 reached in June and July of last year…”
I hear a lot of people in the news say housing markets are cooling. That may be true but it’s only true for lower priced homes. High end homes as you can see from the data above are up. How else do you explain the surge of high price homes?