Five of California’s costliest metro areas for housing had a combined 169 million-dollar cities this year, up 10 over 12 months – or 6%. Since 2019, million-dollar cities have grown by 73 – or a 76% increase. Overall, California led the nation this year with 210 million-dollar cities – up 12 in a year. No 2019 data was available. Note that California has 38% of the nation’s “million-dollar cities” but just 10% of the US housing supply.
Five of California ’s costliest metro areas for housing had a combined 169 million-dollar cities this year, up 10 over 12 months – or 6%. Since 2019, million-dollar cities have grown by 73 – or a 76% increase.There were a total of 550 US million-dollar cities in February, up 59 in a year – or 12% growth. It’s also an increase of 332 cities since 2019 – or a 152% jump.69 cities in February – unchanged in a year and up 23 vs. 2019. That’s adding 50% in five years.
Overall, California led the nation this year with 210 million-dollar cities – up 12 in a year. No 2019 data was available. Note that California has 38% of the nation’s “million-dollar cities” but just 10% of the US housing supply.“The housing market is tight with few homes available, and competition is still high for attractive homes. That competitive pressure is pushing home values higher across the U.S.,” the report said. “The typical U.S. home is worth 4.2% more than it was a year ag
California Million-Dollar Cities Housing Market US Housing Supply
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