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SE Grand Rapids News

Thursday, May 2, 2024

SOUTH EAST REAL ESTATE AND HOME: U.S. Sees Rise in Appetite for Single-Family Homes—Especially of the Luxury Variety

House

South East Real Estate and Home issued the following announcement on Dec. 4.

The appetite for high-end single-family homes is surging across the U.S., according to a report Thursday from real estate data provider HouseCanary.

Between the start of the coronavirus pandemic in March and the end of November, the number of single-family detached homes priced above $1 million to have entered contract jumped 28.8% compared to the same period last year.

The increasing popularity for luxury homes was followed closely by those priced between $600,000 and $1 million, which have seen their contract numbers increase 26.3% over the same time, the report said.

Original source can be found here.

Source: South East Real Estate and Home

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