How many million dollar and above home sales closed last year in the U.S?
According to the National Association of Realtors' Research Division, there were 68,200 closed residential transactions at a million dollars or more. This represented just 1.6 % of all home sales, evidence that the luxury market at the million dollar and above level is a small segment of the market.
But, last year for the first time, the $500,000 and above market segment represented 10% of all home sales. Both the anecdotal and statistical information indicate that although the luxury niche is small, it is outperforming the market in general. For additional information on Luxury Lake homes in NH call Lady of the Lake Realty at 1-888-737-5550 or e-mail at email@example.com or visit our website to view similar lake homes in New Hampshire at www.nhlakesrealty.com or www.lakeorskirealestate.com.
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