Luxury Home Sales Hit 6-Year High

Published on May 14th, 2013 by Tim Ellis

Updated on October 6th, 2020

As the housing market and the economy both continue to recover, the luxury housing market is making big gains as well, with sales of homes $1 million and up gaining 34% between the first quarter of 2012 and the first quarter of 2013, compared to an increase of just 5% for the market as a whole over the same period.

For the full report visit the Redfin Research Center.

Tim Ellis

Tim Ellis has been analyzing the real estate market since 2005, and worked at Redfin as a housing market analyst from 2010 through 2013 and again starting in 2018. In his free time, he runs the independently-operated Seattle-area real estate website Seattle Bubble, and produces the “Dispatches from the Multiverse” improvised comedy sci-fi podcast.