U.s. luxury home prices rose 5% in september, twice the pace of non-luxury prices

Seattle--(business wire)-- #housingmarket--the typical u.s. luxury home sold for $1.26 million in september, up 4.8% from a year earlier and a record high for the month. that's more than twice the pace of price growth for non-luxury homes, which rose 1.8% year over year to a median of $371,583. this is according to a new report from redfin, the real estate brokerage powered by rocket. luxury prices are outpacing non-luxury prices of luxury homes have been rising faster than prices of non-luxury homes for most o.
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