Pandemic Pushes Demand and Sales for Higher-End Homes

Low inventory and intense competition continue to turn up the heat on the real estate market in most areas of the country.

But with demand strongest in the entry-level to mid-range sector of the market, what’s the fervor like at the upper end?  Are the wealthy as keen for greener pastures as so many less affluent consumers? It turns out, yes.

Even in San Diego, a $1.5 million home recently drew 26 showings and nine offers in a three-day period and sold for over its asking price. Read an analysis.