Chicago has one of the busiest luxury housing markets in the country, according to the new Luxury Market Report from Coldwell Banker Previews International.
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 |