Sales of homes priced above $1 million fell 4 percent in July from a year ago, according to the National Association of REALTORS®. Activity is far more robust at the entry level and middle of the market, thanks to a drop in mortgage interest rates and pent-up demand. The luxury market, however, doesn’t rely much on mortgages so much, but is far more sensitive to financial markets.
What does this mean for your plans?
Let’s put the local numbers in context for your home or next move.
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