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 populous U.S. metros outside the Bay Area. 

On the…