1039 ET - The median U.S. luxury home sale price rose 3.6% year over year to $1.39 million during the three months ending April 30, Redfin says. That's more than double the 1.4% gain in non-luxury sale prices. Luxury prices are on the rise as demand for luxury homes increases. Pending sales of luxury homes jumped 4.3% year over year. That's slightly larger than the 4% gain in non-luxury pending sales. Homebuyer demand has generally been climbing thanks to an improving job market and a decline in mortgage rates last month, though rates have been more volatile in May. Redfin says luxury buyers are typically less sensitive to mortgage-rate swings than non-luxury buyers, which may be one reason the luxury market is holding up relatively well. (chris.wack@wsj.com)

(END) Dow Jones Newswires

May 26, 2026 10:39 ET (14:39 GMT)

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