The luxury housing boom is unraveling. These are the only markets still getting more expensive

Most pandemic-era luxury gains have disappeared. A new report shows which cities are still defying gravity.

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The pandemic-era home price explosion was especially pronounced for luxury homes, but more than five years later, most of that growth has fizzled out. 

In a new report, Realtor.com examined luxury listings around the country and found that outside of two unique markets, pandemic appreciation in the upper echelons of the housing market hasn’t been outdone in the years since.

Only Minneapolis-St. Paul and Boise have seen recent prices best previous highs, with luxury homes now sitting at 5% and 4% above their pandemic peaks, respectively. While Minneapolis-St. Paul’s luxury home prices only ticked up by 17.6% during the home buying boom, prices exploded by an astronomical 87% in........

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