In the heart of the Midwest is a metro that stands as the nation’s most approachable, and perhaps surprising, luxury market: Minneapolis.
The entry point to luxury sits just below the $1 million mark, at $995,404, according to the latest Realtor.com® Luxury Housing Report. Minneapolis’ luxury threshold has seen a 2.7% year-over-year increase, but it’s still well under the national benchmark of $1.22 million.
“Luxury home prices in the Minneapolis/St. Paul market are still relatively low when compared to other metro areas across the U.S. with comparable amenities and comparable levels of Fortune 500 headquarters per capita,” Nick Leyendecker, founder and principal broker at Leyendecker Realty Inc., tells Realtor.com…