But while multimillion-dollar luxury properties are also seeing heated competition with multiple offers and selling for more than the asking price, Redfin's Chief Economist Daryl FairweatherMiami saw the biggest increase in luxury home sales , which could partially be explained by thewho have moved there during the pandemic. California gobbled up the next round of luxury home sales, with San Jose leading the way, followed by Oakland and Sacramento.
It seems that the wealthy are in search of sunshine and space, and they are once again exempt from the many pandemic-related economic problems afflicting many Americans.Something is loading.By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our
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