04/17/2026
Why a $6 million home sale tells us more than just that shocking number.
This is the final video in my series on what’s actually happening with home prices in Sioux Falls, and I want to bring it back to where we started.
That $6 million sale happened because a buyer paid a record price for something genuinely rare in Sioux Falls: a large, beautifully updated, move-in ready home in one of the most desirable locations in the city. The exact product today’s high end buyer is looking for.
That combination of the right product in the right location is in short supply here. When you have it, buyers compete. When you don’t, the market tells you very clearly through price reductions and extended time on market.
So whether you’re thinking about buying or selling at the high end, the question I’d encourage you to sit with is this: how rare is what you’re buying or selling, really?
My next series is going to focus on how to use all of this to your advantage as a buyer. Specifically, how to get into the right neighborhood even if the perfect home isn’t available yet. Follow along if that’s something you want to learn more about.