1 out of 8 US homes valued at over $1M

The percentage of U.S. homes with a value of over $1 million measured at 8.2 percent in February, according to a recent Redfin analysis. That’s almost double the rate of 4.8 percent in February 2020, before the pandemic. Home values have skyrocketed in recent years. Time will tell how much is due to inflation and low interest rates and how much of the appreciation is due to true increases in value.