From Elgin to El Paso, and most definitely in Disneyland's backyard of Anaheim, million-dollar homes are shaping the real estate landscape in big ways.

Nationwide, a record 8.2% of US homes (6 million) were valued at $1 million or more in February, according to a new report from real estate brokerage firm Redfin.

That's up from 4.8% (3.5 million) two years earlier, just before the coronavirus was declared a pandemic.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.