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Redfin: Prices rise in U.S. luxury housing market for first time in almost a year

November 07, 2019 / Alcynna Lloyd

In the third quarter of 2019, luxury home prices increased 0.3% year over year, marking the first time in nearly a year that luxury prices did not fall. Previously, luxury home prices saw three consecutive quarters of declines, according to data from Redfin. Redfin classifies luxury homes as those that sold among the top 5% most expensive in the quarter. In the third quarter, luxury home prices across the country averaged $1.6 million.