Luxury price cuts in Miami, New York, Los Angeles, and Dubai
As of September 15, 2026. Live markets: Miami, New York, Los Angeles, Scottsdale, Park City, and Dubai. Listing-side asking-price reductions, not sold comps.
Miami had 1,530 active asking-price reductions, averaging −6.8 percent — $343.74 million off published asks across 34 areas. That is the condo tape, and the insurance stack is the other half of the bill: the list-price move does not include the HOA cash call. New York had 3,026 listings down an average 7.3 percent, $771.69 million across 127 areas. The mansion-tax band is where a New York seller actually reprints the ask. Los Angeles had 1,799 cuts averaging −7.9 percent, $874.36 million across 51 areas, and the Westside is where that tape is thickest.
The three US cities together: 6,355 listings and $1.99 billion off published asks. Dollars stay dollars. Dubai is a different tape — 3,321 active cuts, averaging −6.4 percent, AED 2.34 billion across 123 areas. Dirhams stay dirhams. We do not add the two.
This page is the four-city snapshot as of September 15, 2026. The write-ups below go into each city. It is not a September monthly close.
The four cities, September 15
| Market | Active drops | Avg drop | Value wiped | Areas |
|---|---|---|---|---|
| Miami | 1,530 | −6.8% | $343.74M | 34 |
| New York | 3,026 | −7.3% | $771.69M | 127 |
| Los Angeles | 1,799 | −7.9% | $874.36M | 51 |
| US together | 6,355 | — | $1.99B | — |
| Dubai | 3,321 | −6.4% | AED 2.34B | 123 |
Also in this issue
- Miami. Condos, and the insurance stack behind the cut. Read the Miami write-up.
- New York. The mansion-tax band is where the ask gets reprinted. Read the New York write-up.
- Los Angeles. The Westside is where the tape is thickest. Read the Los Angeles write-up.
- Scottsdale. Live Arizona hub. Browse Scottsdale drops.
- Park City. Live Utah / Salt Lake market hub. Browse Park City drops.
- Dubai. The AED buy tape — dirhams, not dollars. Read the Dubai write-up.
- UAE six-feed stock. Bayut buy + rent snapshot (13,737 / AED 3.32B / 6.7% buy / 10.2% rent). Read the UAE as-of Sep 15.
Upcoming
September monthly, October, November — not published yet.
US figures are Zillow buy. Dubai is Bayut buy. The UAE archive is separate. Scottsdale and Park City are live US hubs — Scottsdale drops, Park City drops. Luxury Price Drops is not a brokerage.