Million-dollar homes are taking over these 25 cities

It’s no surprise that many major cities often have high home prices. But in some cities, the majority of the homes that are for sale are priced at over $1 million. And in many cities where most homes still cost less than seven figures, the percentage of homes listed for $1 million or more has increased over the past year.

Whether you’re on the hunt for luxury real estate — or are looking to avoid high home prices — find out where more million-dollar home are popping up as home prices keep skyrocketing in certain cities.

This article originally appeared on GOBankingRates.com: Million-Dollar Homes Are Taking Over These 25 Cities

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Andrew DePietro contributed to the reporting for this article.

Methodology: GOBankingRates found where million-dollar homes are taking over based on two factors: 1) the percentage of housing stock composed of $1 million or higher homes and 2) the increase in million-dollar listings year-over-year. Data was sourced from Trulia. GOBankingRates examined 100 cities and narrowed the results down to 25 cities. They are ranked by cities with the highest estimated percentage of housing stock that is worth more than $1 million in 2018. Median home values and income data are included as additional information, but do not contribute to the ranking of the cities in the study.

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