Redefining Luxury: Million-Dollar Homes Aren't What They Used To Be
Update: 2025-10-18
Description
Is a million-dollar home still considered luxury? The answer might surprise you. Discover how the meaning of luxury in real estate has drastically changed in the last decade, with today's luxury homes starting at $1.3 million nationally—a staggering 60% increase since 2016. Learn how a million-dollar listing now only places a home in the top 13%, and why location heavily influences what buyers consider luxury. Plus, explore markets like New York, where high-end listings are becoming the norm, and understand why both buyers and sellers need to redefine their expectations of what makes a home truly special.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
