The real estate market is overflowing with listings, with inventory jumping for the 25th straight month. There are now more than 1 million homes for sale — and at least 10% of those properties are selling for $1 million or more.

But a $1 million price tag isn’t always considered luxury. In cities such as Los Angeles , Miami and New York , $1 million can still mean a smaller home, a fixer-upper, or something “dated.”

“Buyers in these markets are competing at price points that would be considered top-tier almost anywhere else,” says Anthony Smith, senior economist at Realtor.com® .

The New York City metro tops the list with the most homes listed at $1 million and above. Part of that metro sits right across the Hudson River. It’s Bergen County, NJ , which is densely populate

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