Luxury Leads the Way — Even Here in Siouxland

Luxury Leads the Way — Even Here in Siouxland

Across the country, luxury real estate is once again setting the pace.
According to a recent Yahoo Finance report, homes priced at $1 million or more are the fastest-moving part of the U.S. housing market. While overall home sales dipped slightly in August — down 0.2% from July — sales above the $1 million mark rose 8.4% year-over-year.

Nationally, high-end homes are also selling quickly. The median million-dollar property spent just 27 days on the market, only three days longer than homes priced between $250,000 and $500,000 — the range that makes up most of the nation’s sales.

So what’s fueling this segment’s strength?
Economists point to a mix of stock-market gains, strong housing equity, and confident, cash-ready buyers. Many of these clients are move-up buyers who’ve built equity in their existing homes and are now leveraging that value to make larger purchases — often with substantial down payments or cash.

Coldwell Banker President Jason Waugh summed it up well:

“Luxury always leads the way. We believe that it’s going to perform very, very strongly. The housing market is poised to tick up again after several years of flat or declining sales, with higher-priced homes typically leading the rebound.”

What This Means for Siouxland

Here in Siouxland, we don’t always feel national market shifts at the same time — or with the same intensity. The Midwest has what many analysts call a “market cushion.” Our region tends to move a bit slower on the way up, and a bit softer on the way down.

But that steady rhythm is a strength. As confidence grows nationwide, it eventually filters into our market — bringing renewed activity across all price points. We may not see million-dollar listings on every corner, but we do see the same forces at work: strong equity, lifestyle-driven moves, and a growing pool of qualified, motivated buyers.

For our agents and clients, the message is clear:
When the upper-end leads the way, opportunity follows.

Connected to What’s Next

At Coldwell Banker Associated Brokers Realty, our connection to the Coldwell Banker Global Luxury network means Siouxland buyers and sellers benefit from national expertise, global exposure, and a brand that’s been trusted for over a century.

Luxury isn’t just about a price point — it’s about service, strategy, and experience. Whether you’re buying your first home or your forever home, we’re here to guide you with confidence.

Because behind every move is a life in transition — and we honor that with intention.