The number of homes sold for more than $1 million jumped by 81% last year compared to a year earlier.
The Phoenix housing market continues to be one of the hottest in the country. With the number of people who continue to move to the valley and the low number of homes available, prices will continue to rise in 2022. One of the results of that will be that many homes will move into the over 1 million dollar range.
A recent article from Realtor Magazine highlights this trend. The article states that million-dollar home sales outpace those in other price points.
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