California and New York City drive luxury home sales

NYC leads nation when it comes to home sales activity between $1 million and $10 million
  • A group of markets say luxury sales volume rise year-over-year by more than 20 percent
  • Markets that accounted for the most luxury sales are primarily major metros
  • A number of smaller California markets are top luxury markets

Spanning July 2014 to June 2015, nine major metros, along with one smaller market, accounted for a combined 18,878 luxury sales transactions where the price tag exceeded $1 million.