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Luxury home sales above $1 million are rising, while sub-$250k inventory continues to drop.

Per NAR, July existing-home sales slipped 1.7% month-over-month to a 4.06M annual pace, though sales are still up 0.7% year-over-year and 2.4% overall for the year.

Read more on this topic in the Inman article Million-dollar home sales jump 15% as first-time buyers retreat

What are you seeing in your market?