Chicago has one of the busiest luxury housing markets in the country, according to the new Luxury Market Report.
In 2015, Previews reported, sales of homes priced $1 million and above totaled 1,149 in Chicago. That was a 12 percent increase over 2014, and was the seventh-highest increase in the nation; as of Feb. 2016, there were 735 active listings in Chicago priced $1 million or above.
Below are Previews’ rankings for luxury markets with the largest sales increases:
| Metro Area | YOY Increase in $1M+ Sales in 2015 | Luxury Sales – 2015 |
|---|---|---|
| Austin | 32% | 694 |
| Fort Lauderdale | 31% | 789 |
| Seattle | 30% | 979 |
| Atlanta | 21% | 1,140 |
| San Diego | 19% | 1,165 |
| Dallas | 13% | 848 |
| Chicago | 12% | 1,149 |
| Naples | 12% | 1,135 |
| Newport Beach | 11% | 678 |
| Santa Barbara | 11% | 744 |
(Source: Chicago Agent Magazine)
