550 US cities have an average home value above $1 million, with California leading with 210 million-dollar cities.
550 US cities now have an average home value above $1 million, marking the highest number of so-called "million-dollar" cities ever recorded, according to Zillow. California leads with 210 million-dollar cities, followed by New Jersey with an increase of 14 new cities. The increase is due to low inventory and high competition, driving up home values and median down payments.
April 02, 2024
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