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Housing Market

Minneapolis Pending Home Sales Dropped Nearly 20% in January, New Listings Fell 5%

Local Redfin agents say high costs and frigid weather are the primary reason fewer people are buying and selling homes in Minneapolis. ICE activity and protests are factors too, but smaller ones. Minneapolis pending home sales fell 19.2% year over year during the four weeks ending January 25, the biggest decline among the 50 most […]
Luxury Market

Luxury Home Prices Keep Climbing Despite Sluggish Demand

Luxury home prices rose 4.6% in December—more than triple the gain in non luxury prices. Only two major metro areas saw declines. Redfin agents say a lack of quality inventory is propping up prices; the supply of luxury homes for sale posted the slowest growth since April. Pending sales of luxury homes fell 1.1%—the biggest […]
Affordability

Homebuyers Are Scoring the Biggest Discounts in 13 Years

The typical buyer who scored a home for below the list price in 2025 got a 7.9% discount—the largest since 2012.  1 in 4 buyers who got discounts scored 10% or more off the list price—the highest share since 2012.  Nearly two-thirds of all homebuyers got discounts last year—the highest share since 2019. The typical […]
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