【CNBC】K-shaped economy shows up in housing: Luxury sales rise as starter-home buyers struggle

• The typical value of a starter home — defined as the lowest-priced third of properties — was $202,000 in May, according to Zillow.
• Despite 4.5% more inventory than a year earlier, sales are down 5.4%.
• In comparison, the median price of an existing home hit $440,600 in June, an all-time high, according to the National Association of Realtors.
• Meanwhile, luxury home sales rose 6.2% in May from the same month in 2025.

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