A measure of U.S. luxury asking prices fell 2.3% from a year earlier in October 2026, Realtor.com Economic Research said, though gains in 12 major metros showed the national decline was uneven.
The 90th-percentile threshold stood at $1,197,014, down 0.2% from September and 2.3% from October 2025. It was below its year-earlier level for the 31st month in a row. Realtor.com defines entry-level luxury using the 90th percentile of active listing prices, which track asking prices rather than completed sales.
The declines were steeper at higher price levels. The 95th-percentile threshold was $1,873,040, down 4.1% year over year, while the 99th-percentile measure fell 6.2% to $5,125,874. Among listings in the top 10%, median time on the market was 73 days, five fewer than a year earlier. The median across all listings remained 63 days. The share of listings at $1 million or more was 12.3%, a decline of 0.5 percentage points from a year earlier.
Of the 43 metros in the analysis, 12 recorded threshold increases of at least 1%. Five were in Florida, and eight were in the South. Naples-Marco Island, FL, led with a 9% rise to $3,753,333. North Port-Bradenton-Sarasota, FL, gained 7.7%, while Charleston-North Charleston, SC, rose 4.7%. The metro sample covers markets averaging at least 500 million-dollar listings over the previous 12 months.
Million-dollar listing counts fell in each of the five Florida metros with rising thresholds. The declines ranged from 2.1% in Tampa to 11.5% in Naples, while the national count increased 3%.
Anthony Smith, Realtor.com's senior economist, said reduced supply could be contributing to higher thresholds in Florida's rising luxury markets. In Naples, top-10% listings had a median 100 days on the market, 27 fewer than a year earlier, according to the report.
