The 'Shrinkflation' of $1 Million Homes
René Ammann | 16. September 2022
As the number of homes selling for $1 million doubled between 2019 and 2022, the size of them shrank. (Aerial view of McDowell mountain range outside Phoenix by Carol M. Highsmith, via Library of Congress)
Area that a typical home selling for around $1 million in Phoenix, Arizona, shrank from spring 2019 to summer 2022: 1,119 square feet (104 square meters)