INTERNATIONAL: The US has more million-dollar real estate markets than ever

PHOTO: Shutterstock – Asheville, North Carolina.

Nearly two dozen real estate markets are fast-approaching million-dollar territory, according to a recent report from Zillow.

Zillow’s data reveals that by June 2019, 23 cities will have median home values of at least $US1 million, joining the 197 US cities where the typical home is already valued at seven-figures. (In these cities, half the homes are valued below $US1 million and half are valued above.)

California and New York are currently home to the most million-dollar real estate markets. The Golden State has a significant edge, with 111 cities that have a median home value of $US1 million or more as of June 2018. The San Francisco metro area has 46 $US1 million cities – the most of any metro in the country. New York state has 30 cities.