{"id":933651,"date":"2026-02-03T08:34:29","date_gmt":"2026-02-03T13:34:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/luxury-home-prices-keep-climbing-despite-sluggish-demand\/"},"modified":"2026-02-03T08:34:29","modified_gmt":"2026-02-03T13:34:29","slug":"luxury-home-prices-keep-climbing-despite-sluggish-demand","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/luxury-home-prices-keep-climbing-despite-sluggish-demand\/","title":{"rendered":"Luxury Home Prices Keep Climbing Despite Sluggish Demand"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Luxury Home Prices Keep Climbing Despite Sluggish Demand<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><i>Luxury home prices rose 4.6% in December\u2014more than triple the gain in non luxury prices. Only two major metro areas saw declines.<\/i><\/li>\n<li><i>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.<\/i><\/li>\n<li><i>Pending sales of luxury homes fell 1.1%\u2014the biggest drop since June\u2014compared with a 0.6% decline in non luxury sales.<\/i><\/li>\n<\/ul>\n<p>SEATTLE&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe median luxury home sale price in America rose 4.6% year over year to $1.31 million in December, according to a new <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fluxury-homes-market-q4-2025%2F&amp;esheet=54412563&amp;newsitemid=20260203655590&amp;lan=en-US&amp;anchor=report&amp;index=1&amp;md5=5dec95979a313828f9e14dd92c713f47\">report<\/a> from Redfin (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2F&amp;esheet=54412563&amp;newsitemid=20260203655590&amp;lan=en-US&amp;anchor=redfin.com&amp;index=2&amp;md5=4a32fdfb01eff799a5002609db2436e6\">redfin.com<\/a>), the real estate brokerage powered by Rocket. By comparison, non luxury prices rose 1.4% to $375,000\u2014the slowest growth in records dating back to 2013.<\/p>\n<p>\nLuxury home prices fell in just two metros: Fort Worth, TX and Portland, OR.<\/p>\n<p>\nLuxury home prices are rising not because demand is high, but because affluent buyers are competing over the few homes on the market that everyone wants, said <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Freal-estate-agents%2Falin-glogovicean&amp;esheet=54412563&amp;newsitemid=20260203655590&amp;lan=en-US&amp;anchor=Alin+Glogovicean&amp;index=3&amp;md5=251dda92a0d48d92b142e82c13b2fd05\">Alin Glogovicean<\/a>, a <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fpremier&amp;esheet=54412563&amp;newsitemid=20260203655590&amp;lan=en-US&amp;anchor=Redfin+Premier&amp;index=4&amp;md5=8df4b57ce0bb45ff05994823af2c062a\">Redfin Premier<\/a> real estate agent in <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fcity%2F11203%2FCA%2FLos-Angeles&amp;esheet=54412563&amp;newsitemid=20260203655590&amp;lan=en-US&amp;anchor=Los+Angeles.&amp;index=5&amp;md5=5594b7a9ddac153d9394c33a43c8be92\">Los Angeles.<\/a><\/p>\n<p>\n\u201cHomebuyers are very selective because prices and mortgage rates are high\u2014they want a house that has everything. Even super wealthy buyers are hesitant to pull the trigger because there\u2019s not a lot of great inventory and they don\u2019t want to settle,\u201d Glogovicean said. \u201cWe\u2019re seeing bidding wars on the few homes that <i>are<\/i> desirable, which is driving up prices. If you list your house for $2.9 million and it\u2019s in really good shape and in a desirable location, you might sell it for $3.3 million and get a buyer who pays cash and waives contingencies.\u201d<\/p>\n<p><b>Luxury Pending Sales Posted the Biggest Decline in Six Months<\/b><\/p>\n<p>\nPending sales of luxury homes fell 1.1% year over year in December\u2014the biggest decline in six months. By comparison, pending sales of non luxury homes fell 0.6%, the largest decline in eight months.<\/p>\n<p>\nClosed sales of luxury U.S. homes\u2014a more backward looking metric\u2014rose 0.4% year over year. That compares with a 0.7% decrease for non luxury homes.<\/p>\n<p><b>Luxury Housing Supply Rose 6%\u2014the Slowest Growth Since April<\/b><\/p>\n<p>\nActive listings of luxury homes for sale increased 5.6% year over year in December\u2014the slowest growth since April. Non luxury listings rose faster\u20147%\u2014though that was the slowest growth since February 2024. Supply growth is likely slowing because homebuyer demand is sluggish.<\/p>\n<p>\nNew listings of luxury homes climbed 2.9%, compared with a 2.4% decline in non luxury new listings.<\/p>\n<p><b>The Typical Luxury Home Took 64 Days to Sell\u2014Five Days Slower Than a Year Earlier<\/b><\/p>\n<p>\nThe typical luxury home that went under contract in December took 64 days to do so, up five days from a year earlier and the slowest December pace since 2020. Meanwhile, the typical non luxury home took 50 days to go under contract, up six days from a year earlier and the slowest December pace since 2019.<\/p>\n<p><b>Metro-Level Luxury Highlights: December 2025<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Prices:<\/b> Luxury prices rose most in Milwaukee (20.6%), Orlando, FL (16.8%) and Nashville (13.6%). They fell in just two metros: Fort Worth, TX (-1.9%) and Portland, OR (-0.7%).\n<\/li>\n<li><b>Pending Sales:<\/b> Luxury pending sales rose most in West Palm Beach, FL (28.6%), San Francisco (16.1%) and Tampa, FL (12%). They fell most in San Jose, CA (-35%), Philadelphia (-20.5%) and New Brunswick, NJ (-19.1%).\n<\/li>\n<li><b>Active Listings:<\/b> Luxury active listings rose most in Tampa (40.6%), Detroit (19.2%) and Nashville (17.7%). They fell most in San Jose (-27.4%), Philadelphia (-16.1%) and Milwaukee (-14.9%).\n<\/li>\n<li><b>New Listings:<\/b> Luxury new listings rose most in Detroit (29.4%), Kansas City, MO (22.4%) and Tampa (22.1%). They fell most in Milwaukee (-25.7%), New York (-19%) and Warren, MI (-13.9%).\n<\/li>\n<li><b>Speed of Sales:<\/b> Luxury homes sold fastest in San Jose (13 days), Oakland (16 days) and St. Louis (23 days). They sold slowest in Miami (142 days), Fort Lauderdale, FL (133 days) and West Palm Beach (112 days).\n<\/li>\n<\/ul>\n<p>\nThese findings are based on a Redfin analysis of MLS home sales from October through December 2025, which Redfin refers to as \u201cDecember\u201d throughout this report. All figures cover rolling three-month periods, the most recent of which lines up with the fourth quarter. Redfin defines luxury homes as those estimated to be in the top 5% of their metro area\u2019s price range, while non-luxury homes fall into the 35th\u201365th percentile. These data are subject to revision.<\/p>\n<p>\nTo view the full report, including charts and metro-level data, please visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fluxury-homes-market-q4-2025%2F&amp;esheet=54412563&amp;newsitemid=20260203655590&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fluxury-homes-market-q4-2025%2F&amp;index=6&amp;md5=704a177a12d9cedc863beafe64269363\">https:\/\/www.redfin.com\/news\/luxury-homes-market-q4-2025\/<\/a><\/p>\n<p><b>About Redfin<\/b><\/p>\n<p>\nRedfin is a technology-driven real estate company with the country&#8217;s most-visited real estate brokerage website. As part of Rocket Companies (NYSE: RKT), Redfin is creating an integrated homeownership platform from search to close to make the dream of homeownership more affordable and accessible for everyone. Redfin\u2019s clients can see homes first with on-demand tours, easily apply for a home loan with Rocket Mortgage, and save thousands in fees while working with a top local agent.<\/p>\n<p>\nYou can find more information about Redfin and get the latest housing market data and research at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews&amp;esheet=54412563&amp;newsitemid=20260203655590&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.redfin.com%2Fnews&amp;index=7&amp;md5=893d7429fcd5ba3d8b3438b47de9f22f\">https:\/\/www.redfin.com\/news<\/a>. For more information about Rocket Companies, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.rocketcompanies.com%2F&amp;esheet=54412563&amp;newsitemid=20260203655590&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.rocketcompanies.com&amp;index=8&amp;md5=3d5d01e06ffaae8e13572f1968b37e63\">https:\/\/www.rocketcompanies.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260203655590r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260203655590\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260203655590\/en\/<\/a><\/span><\/p>\n<p><b>Contact Redfin Journalist Services:<br \/>\n<\/b><br \/>Isabelle Novak<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:press@redfin.com\">press@redfin.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Washington<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Data Analytics Technology Residential Building &amp; Real Estate Software Finance Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Luxury Home Prices Keep Climbing Despite Sluggish Demand Luxury home prices rose 4.6% in December\u2014more 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%\u2014the biggest drop since June\u2014compared with a 0.6% decline in non luxury sales. SEATTLE&#8211;(BUSINESS WIRE)&#8211; The median luxury home sale price in America rose 4.6% year over year to $1.31 million in December, according to a new report from Redfin (redfin.com), the real estate brokerage powered by Rocket. By comparison, non luxury prices rose 1.4% to $375,000\u2014the slowest growth &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/luxury-home-prices-keep-climbing-despite-sluggish-demand\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Luxury Home Prices Keep Climbing Despite Sluggish Demand&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-933651","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Luxury Home Prices Keep Climbing Despite Sluggish Demand - Market Newsdesk<\/title>\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.marketnewsdesk.com\/index.php\/luxury-home-prices-keep-climbing-despite-sluggish-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Luxury Home Prices Keep Climbing Despite Sluggish Demand - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Luxury Home Prices Keep Climbing Despite Sluggish Demand Luxury home prices rose 4.6% in December\u2014more 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%\u2014the biggest drop since June\u2014compared with a 0.6% decline in non luxury sales. SEATTLE&#8211;(BUSINESS WIRE)&#8211; The median luxury home sale price in America rose 4.6% year over year to $1.31 million in December, according to a new report from Redfin (redfin.com), the real estate brokerage powered by Rocket. By comparison, non luxury prices rose 1.4% to $375,000\u2014the slowest growth &hellip; Continue reading &quot;Luxury Home Prices Keep Climbing Despite Sluggish Demand&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/luxury-home-prices-keep-climbing-despite-sluggish-demand\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-03T13:34:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260203655590r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/luxury-home-prices-keep-climbing-despite-sluggish-demand\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/luxury-home-prices-keep-climbing-despite-sluggish-demand\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Luxury Home Prices Keep Climbing Despite Sluggish Demand\",\"datePublished\":\"2026-02-03T13:34:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/luxury-home-prices-keep-climbing-despite-sluggish-demand\\\/\"},\"wordCount\":879,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/luxury-home-prices-keep-climbing-despite-sluggish-demand\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20260203655590r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/luxury-home-prices-keep-climbing-despite-sluggish-demand\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/luxury-home-prices-keep-climbing-despite-sluggish-demand\\\/\",\"name\":\"Luxury Home Prices Keep Climbing Despite Sluggish Demand - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/luxury-home-prices-keep-climbing-despite-sluggish-demand\/","og_locale":"en_US","og_type":"article","og_title":"Luxury Home Prices Keep Climbing Despite Sluggish Demand - Market Newsdesk","og_description":"Luxury Home Prices Keep Climbing Despite Sluggish Demand Luxury home prices rose 4.6% in December\u2014more 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%\u2014the biggest drop since June\u2014compared with a 0.6% decline in non luxury sales. SEATTLE&#8211;(BUSINESS WIRE)&#8211; The median luxury home sale price in America rose 4.6% year over year to $1.31 million in December, according to a new report from Redfin (redfin.com), the real estate brokerage powered by Rocket. By comparison, non luxury prices rose 1.4% to $375,000\u2014the slowest growth &hellip; Continue reading \"Luxury Home Prices Keep Climbing Despite Sluggish Demand\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/luxury-home-prices-keep-climbing-despite-sluggish-demand\/","og_site_name":"Market Newsdesk","article_published_time":"2026-02-03T13:34:29+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260203655590r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/luxury-home-prices-keep-climbing-despite-sluggish-demand\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/luxury-home-prices-keep-climbing-despite-sluggish-demand\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Luxury Home Prices Keep Climbing Despite Sluggish Demand","datePublished":"2026-02-03T13:34:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/luxury-home-prices-keep-climbing-despite-sluggish-demand\/"},"wordCount":879,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/luxury-home-prices-keep-climbing-despite-sluggish-demand\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260203655590r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/luxury-home-prices-keep-climbing-despite-sluggish-demand\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/luxury-home-prices-keep-climbing-despite-sluggish-demand\/","name":"Luxury Home Prices Keep Climbing Despite Sluggish Demand - 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