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Sooner or Later, You'll Call Jim Slater
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March 29, 2017

Luxury Market Update

In the recent weeks luxury home prices have stayed relatively stable in the past few weeks. In the market for luxury homes in the United States it is a cool buyer’s market, meaning the amount of inventory exceeds the amount of buyers which typically influences prices to fall overall. In the Twin Cities area the average selling price for luxury homes is ~$900,000 with a median of 4,000 sqft.


The charts below show the 7-day and 90-day rolling averages for list price, days on market, and inventory for the metro area’s luxury market (e.g. top 10 zips with median prices above $500k)

Every home purchased through Slater Realty Group helps to support Smile Network International.

Smile Network International funds surgical missions and provides necessary supplies needed to repair birth defects, with a focus on cleft lips, cleft palates and other conditions requiring surgical intervention such as burns, tumors or other genetic defects.

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Luxury Market Update

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