# Luxury Listing-Price Threshold Rose in Five Florida Metros as U.S. Measure Fell

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/53768
Published: 2026-11-11T09:47:26.000Z
Updated: 2026-11-11T09:47:26.000Z
Section: Investing

> The national cutoff fell 2.3% to $1,197,014 in October. The thresholds for the top 5% and top 1% of listings also declined.

The U.S. luxury listing-price threshold fell 2.3% year over year in October to $1,197,014, while five Florida metro areas recorded increases of at least 1% in the same measure. Florida markets made up five of the 12 metros nationwide where the cutoff rose, out of 43 tracked. The national measure extended its annual decline to 31 consecutive months.

The threshold is the 90th percentile of active listing prices, or the asking-price level that separates the highest-priced 10% of listings from the rest. It tracks advertised prices, not completed sales, and does not show what buyers ultimately paid. A lower cutoff means the price boundary for the top 10% of active listings moved down; it does not mean every luxury home fell in value by the same amount.

The cutoffs for higher price tiers also declined. The threshold for the top 5% of listings fell 4.1% year over year to $1,873,040, while the top 1% threshold dropped 6.2% to $5,125,874. Anthony Smith, author of the October analysis, said, “Each of the three thresholds has now fallen year over year for 31 straight months.”

Naples-Marco Island led the 43 metros, with its threshold up 9% to $3,753,333. North Port-Bradenton-Sarasota rose 7.7% to $1,796,850. Cape Coral-Fort Myers gained 4.1% to $1,100,000, as did Miami-Fort Lauderdale-West Palm Beach, which reached $2,301,651. Tampa-St. Petersburg-Clearwater increased 2.1% to $1,076,545. Seven metros outside Florida also posted gains of at least 1%. The year-over-year comparisons are against October 2025.

Million-dollar listing counts fell in all five Florida metros, ranging from a 2.1% drop in Tampa to an 11.5% decline in Naples. The national count rose 3%. These counts measure how many listings were priced at $1 million or more, a different measure from the 90th-percentile price cutoff. In Naples, luxury listings spent a median 100 days on the market, 27 fewer days than a year earlier.

The analysis covers existing homes in MLS listing feeds and excludes new construction unless listed through a participating MLS. The report included 43 metros, each with an average of 500 or more listings priced at $1 million or higher during the 12 months ending in October 2026.