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U.S. Luxury Housing Market Saw Prices And Demand Grow In May

by paulmcdonald
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Reposted from Forbes | Dima Williams, Contributor | June 25, 2020 Similar to the wider U.S. housing market, which is bouncing back from the early, dampening effects of the coronavirus pandemic, the luxury segment recorded a promising uptick in entry prices, demand and inventory, according to a report by listing website  Defined as the top 5% of homes listed, the upscale housing sector saw the listing price entry point across the nation grow 6.1% year-over-year to $2.97 million. As more luxury residences hit the market in May compared to April, their higher prices led the overall housing market’s median […]