Realtor.com Economic Research said the asking-price cutoff for the priciest 1% of U.S. home listings fell 6.2% year over year in October 2026, a steeper drop than in broader luxury tiers.
All three thresholds declined year over year: the 99th-percentile line was $5,125,874, the top 5% cutoff fell 4.1% to $1,873,040, and the 90th-percentile measure dropped 2.3% to $1,197,014. The 90th percentile ranks current listings by asking price: 90% fall below that cutoff and the most expensive 10% above it. These figures track asking prices in active listings; they do not represent completed sales or show that every luxury home's value shifted by the same amount.
Anthony Smith, Realtor.com's senior economist, said the three measures had remained below their year-earlier levels for 31 consecutive months.
Five Florida metros were among 12 of 43 markets where the 90th-percentile threshold increased at least 1% year over year. Naples-Marco Island led, with a 9% increase to $3,753,333.
Listings priced at $1 million or more declined in all five Florida metros, with the largest drop, 11.5%, in Naples. The nationwide count of such listings rose 3%. The percentile measure is a cutoff within current asking prices; the count tracks listings priced at $1 million or more.
Realtor.com's analysis covered existing homes in MLS feeds across 43 metros; each averaged at least 500 listings priced at $1 million or more during the 12-month period ending in October 2026. The figures extend EconoTimes' earlier coverage of the national cutoff and metro gains.
