Upscale Home Prices Fall in October, Led by Ultra-Luxury Properties, Realtor.com Says

03:40 PM EST, 11/09/2026 (MT Newswires) -- Prices of luxury homes in the US fell in October from a year ago as the most expensive properties saw the sharpest decline, Realtor.com said Monday. The entry point for a luxury home dropped 2.3% annually to close to $1.2 million last month, marking the 31st straight month of year-over-year declines, according to the online real estate portal. On a monthly basis, prices edged down 0.2%. Ultra-luxury prices declined 6.2% year-over-year to $5.1 million in October, while high-end luxury prices dropped 4.1% to nearly $1.9 million. On a monthly basis, the high-end luxury segment saw a 0.7% decline, while prices in ultra-luxury tier were steady, it said. Million-dollar listings accounted for 12.3% of the market, down 0.5 percentage points from a year ago and 0.2 percentage points from September, said Realtor.com, which is operated by News Corp (NWS, NWSA). Luxury homes sold five days faster in October than a year ago, with listings spending 73 days on the market, it said. Realtor.com tagged the Bridgeport-Stamford-Danbury metropolitan area in Connecticut as the most expensive luxury-home market in October, with its top 10% listings starting at almost $4 million, though prices were down 6.8% year over year. Among the 10 most expensive luxury markets, the Naples-Marco Island metropolitan area in Florida was the only one with a year-on-year price gain, the real estate portal. US home prices rose at the fastest annual pace in more than a year in the quarter through September, aided by robust demand in the luxury market, according to a recent report by Redfin. Price: 29.11, Change: +0.15, Percent Change: +0.52