Overview
- In July 2026 the national entry point to luxury housing fell to $1,250,750, a 2.7% year‑over‑year decline and the 29th straight month of lower listing thresholds.
- Price easing reached across luxury tiers, with the 95th percentile down 1.2% and the ultra‑luxury 99th percentile down 1.7%, and million‑dollar listings making up 13.2% of active inventory.
- Luxury homes sold faster than a year earlier at every tier, with the top 10% posting a median days‑on‑market of 68 days, which points to turnover and inventory mix as key drivers of listed price moves.
- Regional paths diverge strongly: Austin led declines with a 9.6% drop in its luxury threshold, while several California metros showed price falls alongside rapid sales and concentrated million‑dollar inventories.
- The report is based on active MLS listing prices rather than closed sales, so the change in listed thresholds may reflect sellers lowering asks, shifts in what homes are for sale, or both, and could affect buyer options and local market supply going forward.