More Recovery! The Number of Million-Dollar Homes in the U.S. Has Doubled in Four Years

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The Number of Million-Dollar Homes in the U.S. Has Doubled in Four Years

They have their own word for million dollar listings in San Francisco: Listings.

There were 190,000 homes worth at least $1 million in the San Francisco metropolitan area in May 2016, or 57 percent of the city’s housing stock. That’s three times the amount from May 2012, and the highest share among the 100 largest U.S. metros, according to a report published by Trulia.

Nationwide, the number of million-dollar homes doubled to 2.2 million over that time, driven by increasing values in a handful of big cities. As the chart below shows, 10 metropolitan areas make up two-thirds of the million-dollar homes captured by the data.

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