Real-time price reductions on homes asking $700K+ in Miami, New York, Los Angeles, Scottsdale and Park City (Zillow buy listings, sourced daily), and on Pompano Beach homes for sale at $1.5M+ (MLS listing data).
NYC's mansion-tax dynamic, Miami's tax-migration playbook, and the buying mechanics that actually matter for high-end purchases.
All guides →The US luxury real estate market is reshaping rapidly in 2026. Miami's South Florida market remains driven by tax migration from the Northeast — Brickell, Miami Beach, and Coral Gables lead. At the top end of New York, homes asking $5M and up are pricing in the Mamdani election cycle and a possible new pied-à-terre and mansion tax change. Los Angeles continues working through the post-Mansion-Tax (Measure ULA) inventory overhang. Scottsdale and Park City (Salt Lake market) are live US hubs alongside the three coastal cities.
We track Zillow buy listings asking $700K+ daily across five live US markets (in all five feeds the lowest asking price is $700,000), plus Pompano Beach, whose price-cut count covers homes for sale at $1.5M+ (its pages also list all homes for sale, rentals and condo buildings, from MLS listing data) — every notable price cut, days-on-market increase, or sub-tier inventory shift surfaces here within 24 hours. Universe: US Zillow buy (Miami, New York, Los Angeles, Scottsdale, Park City). Read more on the NYC wealth-tax dynamic.
Nearby markets: Miami's South Florida market continues up the coast in Pompano Beach (Broward County), where we track price cuts on condos for sale, rent reductions and condo buildings. See also Miami price drops.