September 2026 Luxury Real Estate Market Report — 15-City Update

• Luxury Median Sale Price$5,017,755 · +18% YoY
• Pending Luxury Sales+6.7% YoY
• Luxury Homes Sold+8.8% YoY
• Active Luxury Listings−18.1% YoY
• Non-Luxury Prices−1.3% YoY
• $10M+ Sales (Miami-Dade, thru Aug)194 · above all of 2025 (170)
• $10M+ Sales (Knight Frank Q2)53 · $808M

A textbook two-speed market: luxury prices up 18% while non-luxury prices fell 1.3%. Realtor.com's August report notes Miami–Fort Lauderdale–West Palm Beach's ultraluxury tier starts at 5.8× the local luxury threshold, and Miami carried 601 listings above $10M in that August snapshot. Sources: Redfin (Sept. 3, 2026); MIAMI REALTORS + RWorld / BeachesMLS; Knight Frank Q2 2026; Realtor.com August 2026.

• Luxury Median Sale Price$4,522,818 · +7.5% YoY
• Luxury Homes Sold+43.9% YoY
• Pending Luxury Sales+20.1% YoY
• New Luxury Listings+21.9% YoY
• Active Luxury Listings−6% YoY

Redfin linked demand to retirees, working-age wealth, and finance-sector relocation ("Wall Street South"), with cash capacity buffering rate sensitivity. The story here is transaction velocity, not merely asking-price drift. Source: Redfin, three months ending July 2026.

• Luxury Median Sale Price$1,644,824 · +15.4% YoY
• Luxury Homes Sold+6% YoY
• Active Luxury Listings−16.1% YoY
• New Luxury Listings−11.1% YoY
• Non-Luxury Prices+0.3% YoY
• May 2026 Window+15.6% YoY · median $1,650,875

Tampa's luxury median remains below a strict $2M floor even as growth outpaces most U.S. metros — this is Redfin's local top-5% definition, not a national $2M cut. Source: Redfin, three months ending July 2026 (and the earlier May 2026 window).

• Luxury Median Sale Price$4,380,249 · +5.0% YoY
• Pending Luxury Sales−2.5% YoY
• Luxury Homes Sold−9.5% YoY
• New Listings−12.3% YoY
• Active Listings−18.6% YoY
• Median Days on Market83 days (+16 YoY)
• $10M+ Sales (Knight Frank Q2)57 · $965M

Knight Frank counted 341 NYC super-prime sales in the year to Q1 2026 (vs. 281 prior year), with Q2 2026 down 37% QoQ by count. Realtor.com's August listing threshold for New York–Newark–Jersey City was $2,587,959 (−10.4% YoY) — listing-side easing can coexist with still-high closed luxury medians. Sources: Redfin (May 2026 window); Knight Frank Q1–Q2 2026; Realtor.com August 2026.

• Luxury Median Sale Price$4,512,482 · +4.9% YoY
• Luxury Listing Entry (Realtor.com, Aug)$3,919,381 · −1.9% YoY
• Pending Luxury Sales+0.4% YoY
• Active Listings−10.8% YoY
• Median Days on Market49 days
• $10M+ Listings (Aug snapshot)634 — most in the U.S.
• $10M+ Sales (Knight Frank Q2)49 · $692M

LA's 99th percentile sat at 5.6× its local luxury threshold. Knight Frank's Residence Report 2026 notes continuing super-prime activity despite Measure ULA inside the City of LA, with Beverly Hills (outside ULA) a focal point for branded residences. Sources: Redfin May 2026; Realtor.com August 2026; Knight Frank Q2 2026.

• Luxury Median Sale Price$6,648,922 · +6.0% YoY
• Pending Luxury Sales+45.9% YoY
• Luxury Homes Sold+46.3% YoY
• Active Listings−11.5% YoY
• Median Days on Market13 days
• Luxury Sales (Zillow, May)+21.6% YoY
• Luxury Listing Entry (Realtor.com, Jul)$2,490,089 · −8.6% YoY

The sharpest "sales up / threshold down" story in the public data. Only 9.4% of luxury listings cut price in June (vs. 22.2% of starter listings); million-dollar listings sold in a median 37 days and their count fell 20.9% YoY — a clearing market, not a stalled one. Redfin and Realtor.com both tie the rebound to AI-driven wealth and liquidity. Sources: Redfin May 2026; Zillow May–June 2026; Realtor.com July 2026.

• Luxury Median Sale Price$2,826,655 · +7.4% YoY
• Pending Luxury Sales−8.6% YoY
• Luxury Homes Sold−6.0% YoY
• Active Listings−4.1% YoY
• Median Days on Market28 days
• Luxury Listing Entry (Realtor.com, Jul)$2,485,340 · −8.6% YoY
• $1M+ Listing Count+7.4% YoY · 53-day median DOM

Closed top-5% prices held up in the May sales window even as the listing-defined entry point eased. Supply of seven-figure inventory is not collapsing. Sources: Redfin May 2026; Realtor.com July 2026.

• Luxury Median Sale Price$1,545,360 · +6.2% YoY
• Pending Luxury Sales+11.3% YoY
• Luxury Homes Sold+5.1% YoY
• Active Listings−12.2% YoY
• Median Days on Market44 days (−5 YoY)
• Luxury Sales (Zillow, May)+24.9% YoY
• Luxury Inventory (Zillow, Jun)−7.3% YoY

Chicago's Redfin luxury median remains below $2M, so "luxury" here is the metro-relative top 5% — still the relevant peer set for local high-end competition. Momentum is sales- and inventory-driven more than ultra-trophy depth. Sources: Redfin May 2026; Zillow May–June 2026.

• Luxury Median Sale Price$1,603,312 · −0.3% YoY
• Pending Luxury Sales+7.1% YoY
• Luxury Homes Sold+1.7% YoY
• New Listings+2.4% YoY
• Active Listings+6.2% YoY
• Median Days on Market38 days

A balanced luxury tape versus Florida's inventory crunch. As with Chicago and Tampa, treat these as local top-tier statistics, not a national $2M+ cohort. Source: Redfin, three months ending May 2026.

• Luxury Median Sale Price$1,811,150 · +9.0% YoY
• Luxury Listing Entry (Realtor.com, Jul)$1,262,726 · −9.6% YoY
• $1M+ Listing Count−17.8% YoY
• $1M+ Median DOM78 days

Read together: closed luxury medians in the spring window still rose, while summer listing thresholds and seven-figure stock marked down — classic recalibration after years of outsized appreciation. Sources: Redfin May 2026; Realtor.com July 2026.

• Luxury Median Sale Price$2,225,630 · +12.6% YoY
• Pending Luxury Sales+14.2% YoY
• Luxury Homes Sold+2.0% YoY
• New Listings−5.7% YoY
• Active Listings−0.1% YoY
• Median Days on Market70 days

Among the stronger Sun Belt luxury price stories in the May Redfin table, behind only the Florida leaders and Las Vegas on percentage gains. Source: Redfin, three months ending May 2026.

• Luxury Median Sale Price$2,190,591 · +7.1% YoY
• Pending Luxury Sales+24.5% YoY
• Luxury Homes Sold+10.0% YoY
• New Listings+11.4% YoY
• Active Listings+8.4% YoY
• Median Days on Market96 days (+11 YoY)

Pending growth was second only to San Francisco among metros Redfin highlighted, but marketing times run longer than coastal peers. Source: Redfin, three months ending May 2026.

• Luxury Median Sale Price$2,992,812 · +3.1% YoY
• Pending Luxury Sales−14.8% YoY
• Luxury Homes Sold−13.0% YoY
• New Listings+0.6% YoY
• Active Listings+13.9% YoY
• Median Days on Market10 days

Softening demand metrics with rising active stock — a relative buyer's advantage versus Miami or San Francisco, if prices hold near the nearly $3M luxury median. Source: Redfin, three months ending May 2026.

• Luxury Median Sale Price$1,694,567 · +13.7% YoY
• Pending Luxury Sales−1.0% YoY
• Luxury Homes Sold−11.6% YoY
• New Listings−16.5% YoY
• Active Listings−4.5% YoY
• Median Days on Market79 days (+23 YoY)

Sellers are realizing higher medians on thinner volume and longer marketing times. Source: Redfin, three months ending May 2026.

• Luxury Median Sale Price$1,971,456 · +4.3% YoY
• Pending Luxury Sales−5.1% YoY
• New Listings−15.7% YoY
• Active Listings−4.9% YoY
• Median Days on Market20 days
• Luxury Listing Entry (Realtor.com, Jul)$1,269,259 · −5.9% YoY
• $1M+ Listing Count−15.7% YoY · 57-day DOM

Closed top-tier prices near $2M with thinner new supply and an easing listing threshold — a measured mountain-metro luxury market versus Florida's heat. Sources: Redfin May 2026; Realtor.com July 2026.