In Phoenix, Million-Dollar Homes Can’t Sell Fast Enough

According to Amy Gamerman with The Wall Street Journal, Phoenix is drawing record numbers of luxury-home buyers—even as summers there grow ever-more scorching. Temperatures hit 100 degrees and higher a record-breaking 145 days last year. In 2020, 3,233 homes priced at $1 million or more were sold in the Phoenix-Mesa-Scottsdale metropolitan area, a 56% jump from 2019, according to Realtor.com. Those sales far outpaced other single-family home sales, which saw an 8% growth overall.