{"id":79913,"date":"2025-05-27T05:00:37","date_gmt":"2025-05-27T12:00:37","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=79913"},"modified":"2025-05-26T17:44:59","modified_gmt":"2025-05-27T00:44:59","slug":"luxury-homes-market-april-2025","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/luxury-homes-market-april-2025\/","title":{"rendered":"Luxury Pending Home Sales Fall 10% to Lowest April Level in Over a Decade as Stock Market Volatility Sidelines Wealthy Buyers"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">The typical U.S. luxury home sold for $1,348,065 in April, up 6.5% from a year earlier, but down slightly from the record high set in March.<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Economic uncertainty is pushing high-end buyers to the sidelines, with pending sales of luxury homes down 9.9% year over year. That is the largest annual decline since August 2023 and the lowest level for any April since 2014.<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">The typical luxury home sold in 52 days in April, virtually unchanged from 51 days a year ago. In comparison, non-luxury home sales took considerably longer, with the median days on market increasing to 45 from 39 a year ago.<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Luxury home prices grew the most in West Palm Beach (+25.8%), and fell the most in San Francisco (-2.2%)\u2014which also saw the biggest increase in sales of the 50 most populous metros.<\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The typical U.S. luxury home sold for a near-record $1,348,065 in April, up 6.5% from a year earlier, as pending sales dropped to the lowest level in over a decade amid economic uncertainty.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Non-luxury home prices grew 4.1% to a record high median of $374,598.<\/span><\/p>\n<p><iframe id=\"datawrapper-chart-3HpuY\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Luxury Prices Rise Faster Than Non-Luxury\u00a0\" src=\"https:\/\/datawrapper.dwcdn.net\/3HpuY\/1\/\" height=\"400\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();\n<\/script><\/p>\n<p><span style=\"font-weight: 400;\">Redfin&#8217;s price-tier data is calculated in rolling three-month periods. The three-month period in this report covers February-April. Luxury homes are defined as those estimated to be in the top 5% of their respective metro area based on prices of homes sold over a rolling 12-month period, and non-luxury homes as those estimated to be in the 35th-65th percentile. Data is subject to revision.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The spring homebuying season is off to a <\/span><a href=\"https:\/\/www.redfin.com\/news\/housing-market-update-pending-sales-drop-economic-uncertainty\/\"><span style=\"font-weight: 400;\">rocky start<\/span><\/a><span style=\"font-weight: 400;\"> across all price points, with homebuyers facing record prices, elevated mortgage rates and economic uncertainty\u2014and the luxury market is no exception.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cMany luxury buyers are adopting a wait-and-see approach because of volatility across financial markets and shifting tariff policies,\u201d said Redfin Senior Economist <\/span><a href=\"https:\/\/www.redfin.com\/news\/author\/sheharyarbokhari\/\"><span style=\"font-weight: 400;\">Sheharyar Bokhari<\/span><span style=\"font-weight: 400;\">. \u201c<\/span><\/a><span style=\"font-weight: 400;\">These high-end buyers often sell stock to help with down payments, but many pressed pause on their home search when the stock market tumbled in April. As a result, what is usually a fiercely competitive space is cooling.\u201d<\/span><\/p>\n<h3><b>Pending luxury sales drop nearly 10%, the largest decline since August 2023<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Pending sales of luxury homes fell 9.9% last month from a year earlier, the largest annual decline since August 2023 and the lowest level for any April since 2014.<\/span><\/p>\n<p><iframe id=\"datawrapper-chart-ijtQv\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Luxury Pending Sales Fall Nearly Three Times Faster Than Non-Luxury\" src=\"https:\/\/datawrapper.dwcdn.net\/ijtQv\/2\/\" height=\"400\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();\n<\/script><\/p>\n<p><span style=\"font-weight: 400;\">Pending sales of non-luxury homes fell 3.4% to also hit the lowest April number since 2014.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Closed\u2014or finalized\u2014sales fell for both categories in April, with luxury home sales down 6.5% and non-luxury sales down 4.3%.<\/span><\/p>\n<p><iframe id=\"datawrapper-chart-VaCaK\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Closed Luxury Sales Fall 6.5% in April\" src=\"https:\/\/datawrapper.dwcdn.net\/VaCaK\/1\/\" height=\"400\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();\n<\/script><\/p>\n<p><span style=\"font-weight: 400;\">\u201cBuyers looking at homes from $1.2 million up are almost non-existent right now,\u201d said <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/meme-loggins\"><span style=\"font-weight: 400;\">Meme Loggins<\/span><\/a><span style=\"font-weight: 400;\">, a Redfin Premier agent in <\/span><a href=\"https:\/\/www.redfin.com\/city\/30772\/OR\/Portland\"><span style=\"font-weight: 400;\">Portland, OR<\/span><\/a><span style=\"font-weight: 400;\">, where luxury sales are down more than 5% from a year ago. \u201cEven in nice areas, high-end homes are selling really, really slow. If I have a buyer who finds the perfect house and is ready to make an offer, they tend to sleep on it for a little, and then they come back to me and say \u2018nope, I think we&#8217;ll wait and see if the price comes down.\u2019\u201d\u00a0<\/span><\/p>\n<h3><b>Luxury home inventory soars to highest April level in four years<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The number of luxury homes on the market grew 7% last month to the highest level for April since 2021.\u00a0<\/span><\/p>\n<p><iframe id=\"datawrapper-chart-sdtwl\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Luxury Home Inventory Grew 7% to Highest April Figure Since 2021\u00a0\" src=\"https:\/\/datawrapper.dwcdn.net\/sdtwl\/1\/\" height=\"400\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();\n<\/script><\/p>\n<p><span style=\"font-weight: 400;\">The number of non-luxury homes for sale grew more than twice as fast (14.7%) to reach the highest April level since 2020.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The number of new listings of luxury homes increased 7.3%, growing at more than three times the speed of non-luxury homes (2.3%).<\/span><\/p>\n<h3><b>Luxury homes are selling at a similar speed to a year ago<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The typical luxury home sold in 52 days in April, virtually unchanged from 51 days a year ago.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">More than one in four (25.3%) luxury homes went under contract within a week in April, a slight 0.4 ppt increase from a year ago. The share that went under contract within two weeks also increased a little year over year, rising to 36.4% from 35.7%.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cEven though luxury sales are down overall, the most desirable homes are still being snapped up relatively quickly,\u201d said Bokhari. \u201cThat\u2019s because many wealthy buyers have the means to weather economic uncertainty and make large purchases without overextending themselves.\u201d\u00a0<\/span><\/p>\n<p><iframe id=\"datawrapper-chart-9Jybo\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"More than 1 in 4 Luxury Homes Went Under Contract Within a Week in April\" src=\"https:\/\/datawrapper.dwcdn.net\/9Jybo\/3\/\" height=\"400\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();\n<\/script><\/p>\n<p><span style=\"font-weight: 400;\">In comparison, non-luxury home sales took considerably longer than a year ago, with the median days on market increasing to 45 from 39. The share that went under contract within a week fell 3.5 ppts to 26.1%, while the share going under contract within two weeks fell 4.1 ppts to 38.5%.<\/span><\/p>\n<h3><b>Metro-Level Luxury Highlights: April 2025<\/b><\/h3>\n<p><i><span style=\"font-weight: 400;\">Redfin\u2019s metro-level luxury data includes the 50 most populous U.S. metros. Some metros are removed from time to time, to ensure data accuracy. All changes noted below are year-over-year changes.\u00a0<\/span><\/i><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Prices: <\/b><span style=\"font-weight: 400;\">The median sale price of luxury homes rose most in <\/span><a href=\"https:\/\/www.redfin.com\/city\/19373\/FL\/West-Palm-Beach\"><span style=\"font-weight: 400;\">West Palm Beach, FL<\/span><\/a><span style=\"font-weight: 400;\"> (25.8% increase to $4,132,048), <\/span><a href=\"https:\/\/www.redfin.com\/city\/11458\/FL\/Miami\"><span style=\"font-weight: 400;\">Miami<\/span><\/a><span style=\"font-weight: 400;\"> (22% increase to $4,367,401) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/17420\/CA\/San-Jose\"><span style=\"font-weight: 400;\">San Jose, CA<\/span><\/a><span style=\"font-weight: 400;\"> (20.8% increase to $5,508,743). It fell in just two metros, in <\/span><a href=\"https:\/\/www.redfin.com\/city\/17151\/CA\/San-Francisco\"><span style=\"font-weight: 400;\">San Francisco<\/span><\/a><span style=\"font-weight: 400;\"> (-2.2% to $6,092,801) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/16409\/CA\/Sacramento\"><span style=\"font-weight: 400;\">Sacramento, CA<\/span><\/a><span style=\"font-weight: 400;\"> (-1.1% to $1,659,264)\u2014while <\/span><a href=\"https:\/\/www.redfin.com\/city\/35751\/MO\/Kansas-City\"><span style=\"font-weight: 400;\">Kansas City<\/span><\/a><span style=\"font-weight: 400;\"> was flat.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Sales: <\/b><span style=\"font-weight: 400;\">Luxury home sales increased most in <\/span><a href=\"https:\/\/www.redfin.com\/city\/17151\/CA\/San-Francisco\"><span style=\"font-weight: 400;\">San Francisco<\/span><\/a><span style=\"font-weight: 400;\"> (18.3%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/11203\/CA\/Los-Angeles\"><span style=\"font-weight: 400;\">Los Angeles<\/span><\/a><span style=\"font-weight: 400;\"> (18.3%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/9170\/IN\/Indianapolis\"><span style=\"font-weight: 400;\">Indianapolis<\/span><\/a><span style=\"font-weight: 400;\"> (13.2%). They decreased most in <\/span><a href=\"https:\/\/www.redfin.com\/city\/8907\/FL\/Jacksonville\"><span style=\"font-weight: 400;\">Jacksonville, FL<\/span><\/a><span style=\"font-weight: 400;\"> (-27.6%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/6173\/FL\/Fort-Lauderdale\"><span style=\"font-weight: 400;\">Fort Lauderdale, FL<\/span><\/a><span style=\"font-weight: 400;\"> (-26.7%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/5665\/MI\/Detroit\"><span style=\"font-weight: 400;\">Detroit <\/span><\/a><span style=\"font-weight: 400;\">(-25.6%).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Active listings:<\/b><span style=\"font-weight: 400;\"> The total number of luxury homes for sale increased most in <\/span><a href=\"https:\/\/www.redfin.com\/city\/16657\/TX\/San-Antonio\"><span style=\"font-weight: 400;\">San Antonio, TX<\/span><\/a><span style=\"font-weight: 400;\"> (21%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/30827\/TX\/Fort-Worth\"><span style=\"font-weight: 400;\">Fort Worth, TX<\/span><\/a><span style=\"font-weight: 400;\"> (20.7%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/10201\/NV\/Las-Vegas\"><span style=\"font-weight: 400;\">Las Vegas<\/span><\/a><span style=\"font-weight: 400;\"> (20.6%). Total inventory fell the most in <\/span><a href=\"https:\/\/www.redfin.com\/city\/15502\/PA\/Philadelphia\"><span style=\"font-weight: 400;\">Philadelphia<\/span><\/a><span style=\"font-weight: 400;\"> (-18.2%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/29470\/IL\/Chicago\"><span style=\"font-weight: 400;\">Chicago<\/span><\/a><span style=\"font-weight: 400;\"> (-16.4%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/15702\/PA\/Pittsburgh\"><span style=\"font-weight: 400;\">Pittsburgh<\/span><\/a><span style=\"font-weight: 400;\"> (-14.1%).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>New listings: <\/b><span style=\"font-weight: 400;\">New listings of luxury homes increased most in <\/span><a href=\"https:\/\/www.redfin.com\/city\/9170\/IN\/Indianapolis\"><span style=\"font-weight: 400;\">Indianapolis<\/span><\/a><span style=\"font-weight: 400;\"> (28.7%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/16657\/TX\/San-Antonio\"><span style=\"font-weight: 400;\">San Antonio, TX<\/span><\/a><span style=\"font-weight: 400;\"> (28%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/16409\/CA\/Sacramento\"><span style=\"font-weight: 400;\">Sacramento, CA<\/span><\/a><span style=\"font-weight: 400;\"> (22.3%). New listings fell in 14 metros, with the biggest declines in <\/span><a href=\"https:\/\/www.redfin.com\/city\/20734\/MI\/Warren\"><span style=\"font-weight: 400;\">Warren, MI <\/span><\/a><span style=\"font-weight: 400;\">(-17.7%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/17420\/CA\/San-Jose\"><span style=\"font-weight: 400;\">San Jose, CA<\/span><\/a><span style=\"font-weight: 400;\"> (-14.9%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/8907\/FL\/Jacksonville\"><span style=\"font-weight: 400;\">Jacksonville, FL<\/span><\/a><span style=\"font-weight: 400;\"> (-12.3%).\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Speed of sales: <\/b><span style=\"font-weight: 400;\">Luxury homes sold fastest in <\/span><a href=\"https:\/\/www.redfin.com\/city\/16163\/WA\/Seattle\"><span style=\"font-weight: 400;\">Seattle<\/span><\/a><span style=\"font-weight: 400;\"> with a median of five days, ahead of <\/span><a href=\"https:\/\/www.redfin.com\/city\/17420\/CA\/San-Jose\"><span style=\"font-weight: 400;\">San Jose, CA<\/span><\/a><span style=\"font-weight: 400;\"> (10 days), and then <\/span><a href=\"https:\/\/www.redfin.com\/city\/13654\/CA\/Oakland\"><span style=\"font-weight: 400;\">Oakland, CA<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.redfin.com\/city\/5665\/MI\/Detroit\"><span style=\"font-weight: 400;\">Detroit<\/span><\/a><span style=\"font-weight: 400;\"> (11 days). They sold slowest in <\/span><a href=\"https:\/\/www.redfin.com\/city\/11458\/FL\/Miami\"><span style=\"font-weight: 400;\">Miami<\/span><\/a><span style=\"font-weight: 400;\"> (125 days), <\/span><a href=\"https:\/\/www.redfin.com\/city\/6173\/FL\/Fort-Lauderdale\"><span style=\"font-weight: 400;\">Fort Lauderdale, FL<\/span><\/a><span style=\"font-weight: 400;\"> (112 days) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/13415\/TN\/Nashville\"><span style=\"font-weight: 400;\">Nashville<\/span><\/a><span style=\"font-weight: 400;\"> (97 days).<\/span><\/li>\n<\/ul>\n<h3><b>Luxury Housing-Market Summary by Metro Area: April 2025<\/b><\/h3>\n<h5><i><span style=\"font-weight: 400;\">50 most populous U.S. metros<\/span><\/i><\/h5>\n\n<table id=\"tablepress-459\" class=\"tablepress tablepress-id-459\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\"><strong>Region Name<\/strong><\/th><th class=\"column-2\"><strong>Median Sale Price<\/strong><\/th><th class=\"column-3\"><strong>Median Sale Price YoY<\/strong><\/th><th class=\"column-4\"><strong>Homes Sold YoY<\/strong><\/th><th class=\"column-5\"><strong>Pending Sales YoY<\/strong><\/th><th class=\"column-6\"><strong>Active Listings YoY<\/strong><\/th><th class=\"column-7\"><strong>Median Days On Market<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Anaheim, CA<\/td><td class=\"column-2\"> $ 5,298,770 <\/td><td class=\"column-3\">17.5%<\/td><td class=\"column-4\">-9.0%<\/td><td class=\"column-5\">-8.9%<\/td><td class=\"column-6\">2.7%<\/td><td class=\"column-7\">61<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Atlanta, GA<\/td><td class=\"column-2\"> $ 1,370,191 <\/td><td class=\"column-3\">10.6%<\/td><td class=\"column-4\">-13.3%<\/td><td class=\"column-5\">-12.6%<\/td><td class=\"column-6\">0.7%<\/td><td class=\"column-7\">44<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Austin, TX<\/td><td class=\"column-2\"> $ 1,676,581 <\/td><td class=\"column-3\">2.4%<\/td><td class=\"column-4\">-9.5%<\/td><td class=\"column-5\">-5.4%<\/td><td class=\"column-6\">4.0%<\/td><td class=\"column-7\">75<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Baltimore, MD<\/td><td class=\"column-2\"> $ 1,256,559 <\/td><td class=\"column-3\">3.8%<\/td><td class=\"column-4\">-9.8%<\/td><td class=\"column-5\">-5.1%<\/td><td class=\"column-6\">10.2%<\/td><td class=\"column-7\">22<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Boston, MA<\/td><td class=\"column-2\"> $ 2,701,907 <\/td><td class=\"column-3\">4.6%<\/td><td class=\"column-4\">-11.6%<\/td><td class=\"column-5\">-0.6%<\/td><td class=\"column-6\">9.1%<\/td><td class=\"column-7\">37<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Charlotte, NC<\/td><td class=\"column-2\"> $ 1,591,486 <\/td><td class=\"column-3\">9.0%<\/td><td class=\"column-4\">-5.6%<\/td><td class=\"column-5\">-4.5%<\/td><td class=\"column-6\">5.1%<\/td><td class=\"column-7\">42<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Chicago, IL<\/td><td class=\"column-2\"> $ 1,450,542 <\/td><td class=\"column-3\">11.9%<\/td><td class=\"column-4\">-0.2%<\/td><td class=\"column-5\">-9.7%<\/td><td class=\"column-6\">-16.4%<\/td><td class=\"column-7\">57<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Cincinnati, OH<\/td><td class=\"column-2\"> $ 931,145 <\/td><td class=\"column-3\">10.4%<\/td><td class=\"column-4\">6.1%<\/td><td class=\"column-5\">3.7%<\/td><td class=\"column-6\">12.5%<\/td><td class=\"column-7\">46<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Cleveland, OH<\/td><td class=\"column-2\"> $ 757,046 <\/td><td class=\"column-3\">2.5%<\/td><td class=\"column-4\">-8.4%<\/td><td class=\"column-5\">6.7%<\/td><td class=\"column-6\">6.6%<\/td><td class=\"column-7\">29<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">Columbus, OH<\/td><td class=\"column-2\"> $ 1,005,853 <\/td><td class=\"column-3\">8.9%<\/td><td class=\"column-4\">4.6%<\/td><td class=\"column-5\">4.8%<\/td><td class=\"column-6\">9.7%<\/td><td class=\"column-7\">43<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">Dallas, TX<\/td><td class=\"column-2\"> $ 1,597,106 <\/td><td class=\"column-3\">11.0%<\/td><td class=\"column-4\">-7.5%<\/td><td class=\"column-5\">-11.8%<\/td><td class=\"column-6\">16.4%<\/td><td class=\"column-7\">35<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Denver, CO<\/td><td class=\"column-2\"> $ 1,944,413 <\/td><td class=\"column-3\">5.9%<\/td><td class=\"column-4\">-9.6%<\/td><td class=\"column-5\">-5.4%<\/td><td class=\"column-6\">14.8%<\/td><td class=\"column-7\">24<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Detroit, MI<\/td><td class=\"column-2\"> $ 753,851 <\/td><td class=\"column-3\">16.1%<\/td><td class=\"column-4\">-25.6%<\/td><td class=\"column-5\">-4.5%<\/td><td class=\"column-6\">-11.0%<\/td><td class=\"column-7\">11<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\">Fort Lauderdale, FL<\/td><td class=\"column-2\"> $ 2,165,373 <\/td><td class=\"column-3\">11.0%<\/td><td class=\"column-4\">-26.7%<\/td><td class=\"column-5\">-24.9%<\/td><td class=\"column-6\">-2.2%<\/td><td class=\"column-7\">112<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\">Fort Worth, TX<\/td><td class=\"column-2\"> $ 1,195,369 <\/td><td class=\"column-3\">5.7%<\/td><td class=\"column-4\">-12.4%<\/td><td class=\"column-5\">-10.7%<\/td><td class=\"column-6\">20.7%<\/td><td class=\"column-7\">47<\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td class=\"column-1\">Houston, TX<\/td><td class=\"column-2\"> $ 1,304,274 <\/td><td class=\"column-3\">6.5%<\/td><td class=\"column-4\">-2.1%<\/td><td class=\"column-5\">-14.7%<\/td><td class=\"column-6\">8.7%<\/td><td class=\"column-7\">27<\/td>\n<\/tr>\n<tr class=\"row-18\">\n\t<td class=\"column-1\">Indianapolis, IN<\/td><td class=\"column-2\"> $ 914,276 <\/td><td class=\"column-3\">0.2%<\/td><td class=\"column-4\">13.2%<\/td><td class=\"column-5\">11.2%<\/td><td class=\"column-6\">15.3%<\/td><td class=\"column-7\">22<\/td>\n<\/tr>\n<tr class=\"row-19\">\n\t<td class=\"column-1\">Jacksonville, FL<\/td><td class=\"column-2\"> $ 1,545,534 <\/td><td class=\"column-3\">15.2%<\/td><td class=\"column-4\">-27.6%<\/td><td class=\"column-5\">-16.3%<\/td><td class=\"column-6\">-2.6%<\/td><td class=\"column-7\">51<\/td>\n<\/tr>\n<tr class=\"row-20\">\n\t<td class=\"column-1\">Kansas City, MO<\/td><td class=\"column-2\"> $ 1,004,354 <\/td><td class=\"column-3\">0.0%<\/td><td class=\"column-4\">0.7%<\/td><td class=\"column-5\">0.7%<\/td><td class=\"column-6\">-11.6%<\/td><td class=\"column-7\">32<\/td>\n<\/tr>\n<tr class=\"row-21\">\n\t<td class=\"column-1\">Las Vegas, NV<\/td><td class=\"column-2\"> $ 1,488,033 <\/td><td class=\"column-3\">8.6%<\/td><td class=\"column-4\">-6.5%<\/td><td class=\"column-5\">-7.9%<\/td><td class=\"column-6\">20.6%<\/td><td class=\"column-7\">66<\/td>\n<\/tr>\n<tr class=\"row-22\">\n\t<td class=\"column-1\">Los Angeles, CA<\/td><td class=\"column-2\"> $ 4,146,428 <\/td><td class=\"column-3\">6.2%<\/td><td class=\"column-4\">15.4%<\/td><td class=\"column-5\">-2.7%<\/td><td class=\"column-6\">4.3%<\/td><td class=\"column-7\">52<\/td>\n<\/tr>\n<tr class=\"row-23\">\n\t<td class=\"column-1\">Miami, FL<\/td><td class=\"column-2\"> $ 4,367,401 <\/td><td class=\"column-3\">22.0%<\/td><td class=\"column-4\">-25.1%<\/td><td class=\"column-5\">-27.5%<\/td><td class=\"column-6\">-0.5%<\/td><td class=\"column-7\">125<\/td>\n<\/tr>\n<tr class=\"row-24\">\n\t<td class=\"column-1\">Milwaukee, WI<\/td><td class=\"column-2\"> $ 1,054,338 <\/td><td class=\"column-3\">14.9%<\/td><td class=\"column-4\">8.0%<\/td><td class=\"column-5\">4.1%<\/td><td class=\"column-6\">-4.4%<\/td><td class=\"column-7\">48<\/td>\n<\/tr>\n<tr class=\"row-25\">\n\t<td class=\"column-1\">Minneapolis, MN<\/td><td class=\"column-2\"> $ 1,210,049 <\/td><td class=\"column-3\">8.8%<\/td><td class=\"column-4\">12.2%<\/td><td class=\"column-5\">1.8%<\/td><td class=\"column-6\">8.5%<\/td><td class=\"column-7\">40<\/td>\n<\/tr>\n<tr class=\"row-26\">\n\t<td class=\"column-1\">Montgomery County, PA<\/td><td class=\"column-2\"> $ 1,408,739 <\/td><td class=\"column-3\">3.6%<\/td><td class=\"column-4\">0.4%<\/td><td class=\"column-5\">-8.9%<\/td><td class=\"column-6\">-6.1%<\/td><td class=\"column-7\">34<\/td>\n<\/tr>\n<tr class=\"row-27\">\n\t<td class=\"column-1\">Nashville, TN<\/td><td class=\"column-2\"> $ 2,077,975 <\/td><td class=\"column-3\">9.5%<\/td><td class=\"column-4\">-15.9%<\/td><td class=\"column-5\">-19.7%<\/td><td class=\"column-6\">-1.1%<\/td><td class=\"column-7\">97<\/td>\n<\/tr>\n<tr class=\"row-28\">\n\t<td class=\"column-1\">Nassau County, NY<\/td><td class=\"column-2\"> $ 2,506,237 <\/td><td class=\"column-3\">7.2%<\/td><td class=\"column-4\">1.3%<\/td><td class=\"column-5\">-8.2%<\/td><td class=\"column-6\">-1.1%<\/td><td class=\"column-7\">95<\/td>\n<\/tr>\n<tr class=\"row-29\">\n\t<td class=\"column-1\">New Brunswick, NJ<\/td><td class=\"column-2\"> $ 2,058,039 <\/td><td class=\"column-3\">10.2%<\/td><td class=\"column-4\">-12.9%<\/td><td class=\"column-5\">-25.1%<\/td><td class=\"column-6\">-10.2%<\/td><td class=\"column-7\">44<\/td>\n<\/tr>\n<tr class=\"row-30\">\n\t<td class=\"column-1\">New York, NY<\/td><td class=\"column-2\"> $ 4,216,813 <\/td><td class=\"column-3\">4.3%<\/td><td class=\"column-4\">12.5%<\/td><td class=\"column-5\">3.6%<\/td><td class=\"column-6\">14.1%<\/td><td class=\"column-7\">65<\/td>\n<\/tr>\n<tr class=\"row-31\">\n\t<td class=\"column-1\">Newark, NJ<\/td><td class=\"column-2\"> $ 1,981,763 <\/td><td class=\"column-3\">10.3%<\/td><td class=\"column-4\">3.5%<\/td><td class=\"column-5\">-9.4%<\/td><td class=\"column-6\">-5.5%<\/td><td class=\"column-7\">19<\/td>\n<\/tr>\n<tr class=\"row-32\">\n\t<td class=\"column-1\">Oakland, CA<\/td><td class=\"column-2\"> $ 2,996,635 <\/td><td class=\"column-3\">4.6%<\/td><td class=\"column-4\">-14.2%<\/td><td class=\"column-5\">N\/A<\/td><td class=\"column-6\">5.9%<\/td><td class=\"column-7\">11<\/td>\n<\/tr>\n<tr class=\"row-33\">\n\t<td class=\"column-1\">Orlando, FL<\/td><td class=\"column-2\"> $ 1,378,090 <\/td><td class=\"column-3\">7.4%<\/td><td class=\"column-4\">-2.4%<\/td><td class=\"column-5\">-13.7%<\/td><td class=\"column-6\">17.9%<\/td><td class=\"column-7\">40<\/td>\n<\/tr>\n<tr class=\"row-34\">\n\t<td class=\"column-1\">Philadelphia, PA<\/td><td class=\"column-2\"> $ 1,216,976 <\/td><td class=\"column-3\">4.9%<\/td><td class=\"column-4\">-18.0%<\/td><td class=\"column-5\">-22.7%<\/td><td class=\"column-6\">-18.2%<\/td><td class=\"column-7\">45<\/td>\n<\/tr>\n<tr class=\"row-35\">\n\t<td class=\"column-1\">Phoenix, AZ<\/td><td class=\"column-2\"> $ 2,000,000 <\/td><td class=\"column-3\">7.4%<\/td><td class=\"column-4\">0.2%<\/td><td class=\"column-5\">-9.0%<\/td><td class=\"column-6\">10.7%<\/td><td class=\"column-7\">61<\/td>\n<\/tr>\n<tr class=\"row-36\">\n\t<td class=\"column-1\">Pittsburgh, PA<\/td><td class=\"column-2\"> $ 846,715 <\/td><td class=\"column-3\">5.8%<\/td><td class=\"column-4\">-20.4%<\/td><td class=\"column-5\">-5.5%<\/td><td class=\"column-6\">-14.1%<\/td><td class=\"column-7\">80<\/td>\n<\/tr>\n<tr class=\"row-37\">\n\t<td class=\"column-1\">Portland, OR<\/td><td class=\"column-2\"> $ 1,451,255 <\/td><td class=\"column-3\">4.3%<\/td><td class=\"column-4\">-5.2%<\/td><td class=\"column-5\">-7.5%<\/td><td class=\"column-6\">10.7%<\/td><td class=\"column-7\">43<\/td>\n<\/tr>\n<tr class=\"row-38\">\n\t<td class=\"column-1\">Providence, RI<\/td><td class=\"column-2\"> $ 1,570,680 <\/td><td class=\"column-3\">9.5%<\/td><td class=\"column-4\">-3.6%<\/td><td class=\"column-5\">-13.6%<\/td><td class=\"column-6\">20.4%<\/td><td class=\"column-7\">30<\/td>\n<\/tr>\n<tr class=\"row-39\">\n\t<td class=\"column-1\">Riverside, CA<\/td><td class=\"column-2\"> $ 1,691,580 <\/td><td class=\"column-3\">10.1%<\/td><td class=\"column-4\">-5.2%<\/td><td class=\"column-5\">-1.1%<\/td><td class=\"column-6\">14.7%<\/td><td class=\"column-7\">63<\/td>\n<\/tr>\n<tr class=\"row-40\">\n\t<td class=\"column-1\">Sacramento, CA<\/td><td class=\"column-2\"> $ 1,659,264 <\/td><td class=\"column-3\">-1.1%<\/td><td class=\"column-4\">3.6%<\/td><td class=\"column-5\">-3.1%<\/td><td class=\"column-6\">6.8%<\/td><td class=\"column-7\">39<\/td>\n<\/tr>\n<tr class=\"row-41\">\n\t<td class=\"column-1\">San Antonio, TX<\/td><td class=\"column-2\"> $ 957,854 <\/td><td class=\"column-3\">1.1%<\/td><td class=\"column-4\">0.0%<\/td><td class=\"column-5\">2.6%<\/td><td class=\"column-6\">21.0%<\/td><td class=\"column-7\">90<\/td>\n<\/tr>\n<tr class=\"row-42\">\n\t<td class=\"column-1\">San Diego, CA<\/td><td class=\"column-2\"> $ 3,730,570 <\/td><td class=\"column-3\">9.6%<\/td><td class=\"column-4\">-13.4%<\/td><td class=\"column-5\">-8.6%<\/td><td class=\"column-6\">5.3%<\/td><td class=\"column-7\">32<\/td>\n<\/tr>\n<tr class=\"row-43\">\n\t<td class=\"column-1\">San Francisco, CA<\/td><td class=\"column-2\"> $ 6,092,801 <\/td><td class=\"column-3\">-2.2%<\/td><td class=\"column-4\">18.3%<\/td><td class=\"column-5\">N\/A<\/td><td class=\"column-6\">-6.3%<\/td><td class=\"column-7\">12<\/td>\n<\/tr>\n<tr class=\"row-44\">\n\t<td class=\"column-1\">San Jose, CA<\/td><td class=\"column-2\"> $ 5,508,743 <\/td><td class=\"column-3\">20.8%<\/td><td class=\"column-4\">-5.7%<\/td><td class=\"column-5\">N\/A<\/td><td class=\"column-6\">-9.6%<\/td><td class=\"column-7\">10<\/td>\n<\/tr>\n<tr class=\"row-45\">\n\t<td class=\"column-1\">Seattle, WA<\/td><td class=\"column-2\"> $ 2,945,776 <\/td><td class=\"column-3\">9.4%<\/td><td class=\"column-4\">-23.6%<\/td><td class=\"column-5\">-29.4%<\/td><td class=\"column-6\">5.3%<\/td><td class=\"column-7\">5<\/td>\n<\/tr>\n<tr class=\"row-46\">\n\t<td class=\"column-1\">St. Louis, MO<\/td><td class=\"column-2\"> $ 914,453 <\/td><td class=\"column-3\">2.8%<\/td><td class=\"column-4\">-5.2%<\/td><td class=\"column-5\">-7.1%<\/td><td class=\"column-6\">4.3%<\/td><td class=\"column-7\">27<\/td>\n<\/tr>\n<tr class=\"row-47\">\n\t<td class=\"column-1\">Tampa, FL<\/td><td class=\"column-2\"> $ 1,415,835 <\/td><td class=\"column-3\">0.8%<\/td><td class=\"column-4\">-21.0%<\/td><td class=\"column-5\">-22.8%<\/td><td class=\"column-6\">10.8%<\/td><td class=\"column-7\">33<\/td>\n<\/tr>\n<tr class=\"row-48\">\n\t<td class=\"column-1\">Virginia Beach, VA<\/td><td class=\"column-2\"> $ 1,019,606 <\/td><td class=\"column-3\">8.6%<\/td><td class=\"column-4\">-3.5%<\/td><td class=\"column-5\">-3.8%<\/td><td class=\"column-6\">16.4%<\/td><td class=\"column-7\">33<\/td>\n<\/tr>\n<tr class=\"row-49\">\n\t<td class=\"column-1\">Warren, MI<\/td><td class=\"column-2\"> $ 1,002,459 <\/td><td class=\"column-3\">7.0%<\/td><td class=\"column-4\">-12.6%<\/td><td class=\"column-5\">-24.9%<\/td><td class=\"column-6\">-9.6%<\/td><td class=\"column-7\">34<\/td>\n<\/tr>\n<tr class=\"row-50\">\n\t<td class=\"column-1\">Washington, DC<\/td><td class=\"column-2\"> $ 1,995,449 <\/td><td class=\"column-3\">10.9%<\/td><td class=\"column-4\">-6.4%<\/td><td class=\"column-5\">-17.7%<\/td><td class=\"column-6\">-5.6%<\/td><td class=\"column-7\">29<\/td>\n<\/tr>\n<tr class=\"row-51\">\n\t<td class=\"column-1\">West Palm Beach, FL<\/td><td class=\"column-2\"> $ 4,132,048 <\/td><td class=\"column-3\">25.8%<\/td><td class=\"column-4\">-10.6%<\/td><td class=\"column-5\">-15.0%<\/td><td class=\"column-6\">6.8%<\/td><td class=\"column-7\">92<\/td>\n<\/tr>\n<tr class=\"row-52\">\n\t<td class=\"column-1\">United States of America<\/td><td class=\"column-2\"> $ 1,348,065 <\/td><td class=\"column-3\">6.5%<\/td><td class=\"column-4\">-6.5%<\/td><td class=\"column-5\">-9.9%<\/td><td class=\"column-6\">7.0%<\/td><td class=\"column-7\">52<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n","protected":false},"excerpt":{"rendered":"<p>The typical U.S. luxury home sold for $1,348,065 in April, up 6.5% from a year earlier, but down slightly from the record high set in March. Economic uncertainty is pushing high-end buyers to the sidelines, with pending sales of luxury homes down 9.9% year over year. That is the largest annual decline since August 2023 [&hellip;]<\/p>\n","protected":false},"author":13568,"featured_media":79917,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8,24],"tags":[20,623],"dashboard":[],"coauthors":[682],"class_list":["post-79913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","category-luxury-market","tag-housing-affordability","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Luxury Pending Home Sales Fall 10% to Lowest April Level in Over a Decade<\/title>\n<meta name=\"description\" content=\"The typical U.S. luxury home sold for $1,348,065 in April, up 6.5% from a year earlier, but down slightly from the record high set in March. Economic uncertainty is pushing high-end buyers to the sidelines, with pending sales of luxury homes down 9.9% year over year. That is the largest annual decline since August 2023 and the lowest level for any April since 2014.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/luxury-homes-market-april-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Luxury Pending Home Sales Fall 10% to Lowest April Level in Over a Decade as Stock Market Volatility Sidelines Wealthy Buyers\" \/>\n<meta property=\"og:description\" content=\"The typical U.S. luxury home sold for $1,348,065 in April, up 6.5% from a year earlier, but down slightly from the record high set in March. Economic uncertainty is pushing high-end buyers to the sidelines, with pending sales of luxury homes down 9.9% year over year. 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