The share of $1 million homes in the U.S. dropped from a high of 8.6 percent in June 2022 to approximately 7 percent in January, due in part to higher mortgage rates that have cut into homebuyer purchasing power.
Source: Inman News
There are 1.25 million fewer million-dollar homes in America in 2023
Published in $1 million dollar homes, Analysis, cooldown, Data, florida, home prices, luxury, luxury lens, luxury_lens, Markets & Economy, miami, mortgage rates, new york city, North Port, pandemic, Redfin, remote work, san francisco bay area, seattle, Select and West Palm Beach
More from $1 million dollar homesMore posts in $1 million dollar homes »
More from AnalysisMore posts in Analysis »
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- October brought the strongest buyer’s market in 12 years: Redfin
- The inventory surge is sputtering. See how your market stacks up
- Northeast sees strongest price gains in Q3 as median single-family home price hits $426,800
- Heard of a K-shaped economy? You’re living in it now
More from cooldownMore posts in cooldown »
More from DataMore posts in Data »
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- October brought the strongest buyer’s market in 12 years: Redfin
- The inventory surge is sputtering. See how your market stacks up
- New client leads, murky waters: October’s mixed bag for real estate
- What Zillow’s marketing genius can teach you about social media
More from floridaMore posts in florida »
- Dual licensing is on the rise. Is it the right move for your business?
- Zillow reverses course and removes climate data from listings
- Zillow’s SkyTour uses complex 3D tech to simplify home search
- Delistings and discounts jump as holiday season approaches
- ‘More persistent headwinds’ plague housing market as prices barely budge
More from home pricesMore posts in home prices »
- Delistings and discounts jump as holiday season approaches
- ‘More persistent headwinds’ plague housing market as prices barely budge
- Rising unemployment revives prospects for December rate cut
- Northeast sees strongest price gains in Q3 as median single-family home price hits $426,800
- ‘Signs of deceleration’ bedevil US home prices
More from luxuryMore posts in luxury »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- The most iconic house in Los Angeles is now for sale
- Why 2026 will reward those who plan with precision, not emotion: Mauricio Umansky
More from luxury lensMore posts in luxury lens »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- The most iconic house in Los Angeles is now for sale
- Why 2026 will reward those who plan with precision, not emotion: Mauricio Umansky
More from luxury_lensMore posts in luxury_lens »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Jason Oppenheim: Private listings could take real estate ‘back to the Dark Ages’
- Alexander brothers denied motion to dismiss sex-trafficking charges
- Jason Oppenheim: ‘Epic’ real estate + big drama makes new ‘Selling the OC’ season the best yet
- SERHANT. enters Sin City with 2nd Southwestern market launch
More from Markets & EconomyMore posts in Markets & Economy »
- Dual licensing is on the rise. Is it the right move for your business?
- Change strategy as the market shifts to win the listings long game
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- Homebuyers came out in force last week, and rates are trending down
- October was another slow month for pending home sales
More from miamiMore posts in miami »
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Luxury’s next phase: What the 2026 buyer really wants
- Delistings and discounts jump as holiday season approaches
- Home investors’ strategies vary by location: Here’s where they’re getting the most for their money
More from mortgage ratesMore posts in mortgage rates »
- Redfin on 2026: Affordability improves, sales rise only slightly
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- Homebuyers came out in force last week, and rates are trending down
- October was another slow month for pending home sales
- Delistings and discounts jump as holiday season approaches
More from new york cityMore posts in new york city »
- ‘More persistent headwinds’ plague housing market as prices barely budge
- Brown Harris Stevens names Halstead heir as its chief strategy officer (EXCLUSIVE)
- Zillow says CoStar uses litigation ‘playbook’ to ‘attack’ competitors
- ‘Signs of deceleration’ bedevil US home prices
- Howard Hanna expands into NYC with purchase of Elegran
More from North PortMore posts in North Port »
More from pandemicMore posts in pandemic »
More from RedfinMore posts in Redfin »
- Redfin on 2026: Affordability improves, sales rise only slightly
- Bayview merger positions Guild Mortgage for refinancing boom
- Zillow reverses course and removes climate data from listings
- Delistings and discounts jump as holiday season approaches
- The IDX lie agents still believe: 5 common misconceptions about real estate websites
More from remote workMore posts in remote work »
More from san francisco bay areaMore posts in san francisco bay area »
More from seattleMore posts in seattle »
- Zillow’s listing ban hangs in the balance after 4-day hearing
- Stock market gains push luxury homebuyers ahead in October
- Let’s fill in the economic puzzle pieces as key data goes missing
- Heard of a K-shaped economy? You’re living in it now
- What the World Series can teach agents about consistency, coaching and closing
More from SelectMore posts in Select »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
More from West Palm BeachMore posts in West Palm Beach »
Be First to Comment