Austin – November 09, 2026 -- The US entry point to luxury housing fell 2.3% year over year to $1,197,014 in October, the 31st consecutive month of annual declines, according to Realtor.com's October 2026 Luxury Housing Report. Twelve metros bucked the trend with price gains of at least 1%, and Florida accounted for five of them.
Declines Hit Every Luxury Tier, With the Top Falling Fastest
The threshold for the top 5% of listings dropped 4.1% year over year, while the top 1% fell 6.2%. The ultraluxury threshold fell about 2.7 times as fast as the entry-level luxury threshold.
Luxury homes are nonetheless selling faster. Listings at the 90th percentile spent a median of 73 days on the market, five days fewer than last October. At the 95th percentile the median was 81 days (four fewer), and at the 99th percentile it was 97 days (six fewer). The typical listing took 63 days, essentially unchanged. Million-dollar listings made up 12.3% of the market, down 0.5 percentage points.
Naples Posts a 9.0% Gain, the Only Top-10 Luxury Market in the Black
Naples-Marco Island, Fla., ranks third among the most expensive luxury markets at roughly $3.8 million. It was the only top-10 market with an annual gain. The other nine declined, led by San Jose, Calif., down 12.1%, and New York-Newark-Jersey City, down 11.3%.
Bridgeport-Stamford-Danbury, Conn., took the top spot, with its 10% most expensive listings starting at $3,960,000, or 3.3 times the national luxury entry point. The metro rose from fourth in September after a 10.1% monthly increase, though its threshold remains 6.8% below a year ago. Los Angeles-Long Beach-Anaheim, Calif., ranked second at nearly $3.9 million.
Florida Claims Five of 12 Gaining Metros as Inventory Tightens
Florida's five gainers are Naples; North Port-Bradenton-Sarasota; Cape Coral-Fort Myers; Miami-Fort Lauderdale-West Palm Beach; and Tampa-St. Petersburg-Clearwater. The South accounted for eight of the 12 gaining markets.
Anthony Smith, senior economist at Realtor.com, said shrinking million-dollar inventory and shorter market times in most of these markets mean a "smaller pool of available homes may be helping support prices."
North Port-Bradenton-Sarasota recorded the second-largest annual gain at 7.7%, followed by Charleston-North Charleston, S.C., at 4.7%. Raleigh-Cary, N.C., and Boise City, Idaho, rose 4.3% and 4.2%, respectively.
Gains Outside Florida Come With Slower Sales and Growing Inventory
Higher thresholds outside Florida did not mean faster-moving listings. Market times lengthened in six of the seven other gaining metros, and million-dollar inventory grew in all seven.
Price growth extended beyond entry-level luxury, with eight of the gaining metros posting increases across all three luxury tiers. Charleston's ultraluxury threshold jumped 18.7% to about $8.0 million, while Boise's rose 16.6% to roughly $3.5 million.
Market-level analysis covers 43 metropolitan areas that averaged at least 500 million-dollar listings over the 12 months through October 2026. All calculations rely on listing prices, not final sales prices, and use October 2025 as the year-over-year baseline.