The number of Million Dollar Sales has risen each year since the bust in 2008. Some quick highlights from the chart:
The overall trend is upward from left to right, showing that more luxury homes are trading hands each year.
The 2019 luxury sales volume (YTD) has been 1,328 homes sold, compared with 1,275 over the same time period in 2018. (and 982 in 2017.)
That being said, there have been 3 months so far in 2019 with lower sales volume than the same months last year: January, March, and August.
The luxury market is still trending upwards, but it’s not unfair to say the trend has slowed down a little bit this year.
- Chris Butterworth
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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.