For decades, the luxury housing market has revolved around a relatively small number of coveted locales—Manhattan, Los Angeles, the Hamptons, Aspen, and Palm Beach among them. Increasingly, however, a growing number of wealthy buyers are looking beyond those established strongholds and propelling a new crop of cities into the spotlight.
Beach Boys Cofounder Mike Love Lists His Longtime Lake Tahoe Estate for $43 Million
A new report from Redfin, which defines luxury homes as those estimated to rank in the top five percent of a metro area’s price range, found that pending sales of luxury homes nationwide rose 5.2 percent year over year through the end of May, the biggest increase since late 2024. The revealing story, though, is where that demand is showing up…