A luxury home can be defined as one with a price in the top five percent of for-sale listings. That’s the measure used by the National Association of Realtors’ October 2026 Luxury Housing Report and, according to the report, those homes have been getting less expensive. In fact, the entry price to the luxury market fell 2.3 percent from last year in October and is now $1,197,014. That marks the 31st-consecutive monthly decline. It’s also good news for luxury home shoppers. Just not everywhere. Florida, for example, has a luxury market where prices are on the rise. “Florida’s luxury bright spots have more in common than rising prices,” Anthony Smith, senior economist at the site, said. “Million-dollar inventory is shrinking and luxury listings are spending less time on the market in most of them. That smaller pool of available homes may be helping support prices, even as luxury thresholds fall nationally.” In other words, not all luxury markets move at the same pace but, generally, they’re getting more affordable. (source)
