Home sales on properties labeled as “expensive” or “high-end” have skyrocketed in California’s Bay Area, Miami and Las Vegas in 2021, and overall purchases of high-end homes in the country jumped 26% year over year during the three months ending April 30, according to a recent study from Redfin.

“Affordable” and “mid-priced” home purchases rose 17.8% and 14.8% year over year, respectively.

Redfin classified high-end homes as being sold for at least $440,000; mid-priced homes as being sold for at least $280,000; and affordable homes as being sold for at least $189,500, all during the three month details ⇒

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