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The Real Deal Miami

Luxury home sales surge

December 24, 2012 01:30PM

Not only have sale prices for existing homes and builder confidence risen in recent months, but sales of high-end homes have exploded, year-over-year, according to data from the National Association of Realtors cited by NBC News. Sales of homes priced above $750,000 grew 50 percent from a year ago, even as sales of the lowest-end homes, which are largely distressed, fell 4 percent, according to the realtor group. [more]