The CNBC Luxury Real-Estate Report, conducted by Redfin, found that sales of homes $1 million or more fell 20 percent in the fourth quarter.
The fourth quarter of 2014 saw 14,834 homes sold for $1 million or more in the major markets covered by Redfin, down from the 18,435 homes at the same price sold in the third quarter. According to CNBC, it remains unclear whether the fourth-quarter slowdown is a one-off or a signal of a broader shift in the housing market.
Advertisement
Related Stories
Sales
Sales and Texting? Know the Rules
Texting your sales prospects en masse can be an efficient way to get your message through if you follow these best practices
Affordability
Will NAR's Landmark Commissions Settlement Lower Housing Costs?
The $418 million deal changes long-standing rules—written and unwritten—that consumers claim inflated sales commissions for home sellers, including new-home builders
Market Data + Trends
January's Mortgage Rate Dip Prompts Some Thawing of the Housing Market
A drop in mortgage rates from recent peaks nudged more homebuyers and sellers into the market, signaling the start of greater supply and demand